Special Olympics Oklahoma Inc

Analysis

Special Olympics Oklahoma Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 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 Oklahoma Inc reported income of $2.5m and spending of $2.1m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 82% 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 Oklahoma Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within OK. Charities of a similar size with the same main cause include Winchester Soccer Club ($2.5m), Intentional Sports ($2.5m) and SC Unit 16 Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $186k (9.0% of expenses). Other salaries and wages came to $552k. At year end it held assets of $6.9m against liabilities of $102k, net assets of $6.8m. It reported 15 employees.