Special Olympics Georgia Inc

Analysis

Special Olympics Georgia Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in March 1977, 49 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 Georgia Inc reported income of $5.5m and spending of $4.3m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $5.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 70% 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 Georgia Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Iditarod Trail Committee Inc ($5.4m), Baldwin Emergency Medical Service ($5.5m) and Seward Changing the Game Inc ($5.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $453k (11% of expenses). Other salaries and wages came to $725k. At year end it held assets of $31.7m against liabilities of $1.4m, net assets of $30.4m. It reported 26 employees.