Alabama Special Olympics Inc

Analysis

Alabama Special Olympics Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in August 1970, 56 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Alabama Special Olympics Inc reported income of $1.1m and spending of $790k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $954k to $1.1m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Alabama Special Olympics Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within AL. Charities of a similar size with the same main cause include Grand Rapids Opportunities for Women ($1.1m), Cockeysville Volunteer Fire Co of Cockeysville Baltimore Co MD ($1.1m) and Chicanos Por LA Causa Permanent Fund Trust Agreement ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $84k (11% of expenses). Other salaries and wages came to $155k. It paid $5,451 in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $109k, net assets of $1.2m. It reported 7 employees.