Special Olympics Pennsylvania Inc

Analysis

Special Olympics Pennsylvania Inc is a registered charity in United States, based in Norristown, PA. It received its IRS tax-exemption ruling in June 1979, 47 years ago. 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, Special Olympics Pennsylvania Inc reported income of $10.6m and spending of $11.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.5m to $10.6m (+25%), an average of +5.8% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics Pennsylvania Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within PA. Charities of a similar size with the same main cause include Oregon Mennonite Residential Services Inc ($10.6m), The Carmelite System Inc ($10.6m) and Milkyway Education Center Inc ($10.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $272k (2.3% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $12.8m against liabilities of $2.3m, net assets of $10.5m. It reported 74 employees.