United States Olympic & Paralympic Committee

Analysis

United States Olympic & Paralympic Committee is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in April 1952, 74 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United States Olympic & Paralympic Committee reported income of $242.0m and spending of $291.6m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $193.7m to $242.0m (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 152%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Olympic & Paralympic Committee sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CO. Charities of a similar size with the same main cause include United States Golf Association ($211.6m), Elderhostel Inc ($383.7m) and University Athletic Association Inc ($192.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $3.4m (1.2% of expenses). Other salaries and wages came to $53.7m. At year end it held assets of $567.2m against liabilities of $289.0m, net assets of $278.1m. It reported 640 employees.