Special Olympics Hawaii Inc

Analysis

Special Olympics Hawaii Inc is a registered charity in United States, based in Ewa Beach, HI. It received its IRS tax-exemption ruling in September 1972, 54 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, Special Olympics Hawaii Inc reported income of $3.6m and spending of $3.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.8m to $3.6m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Special Olympics Hawaii Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within HI. Charities of a similar size with the same main cause include Gold Medal Karate Inc ($3.6m), West Chester Soccer Club Inc ($3.6m) and Pensacola Interstate Fair Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $133k (4.3% of expenses). Other salaries and wages came to $920k. It paid $19k in professional fundraising fees. At year end it held assets of $9.7m against liabilities of $1.8m, net assets of $7.8m. It reported 24 employees.