Special Olympics Florida Inc

Analysis

Special Olympics Florida Inc is a registered charity in United States, based in Clermont, FL. 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 Florida Inc reported income of $16.3m and spending of $18.7m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.7m to $16.3m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income dropped by 27%. Over the whole period it spent 99% 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 Florida Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include USA Cycling Inc ($16.0m), Big Life International Inc ($16.3m) and Arizona Interscholastic Association Inc ($16.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $514k (2.7% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $11.1m against liabilities of $3.4m, net assets of $7.7m. It reported 130 employees.