Delaware Special Olympics Inc

Analysis

Delaware Special Olympics Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in July 1972, 54 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, Delaware Special Olympics Inc reported income of $2.7m and spending of $2.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.7m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delaware Special Olympics Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within DE. Charities of a similar size with the same main cause include American Volleyball Coaches Assn ($2.7m), Literacy Mid South Inc ($2.7m) and Safety and Health Council of North Carolina ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% of the total. Compensation of current officers, directors and key employees was $162k (8.1% of expenses). Other salaries and wages came to $761k. At year end it held assets of $4.1m against liabilities of $80k, net assets of $4.0m. It reported 15 employees.