Special Olympics Vermont

Analysis

Special Olympics Vermont is a registered charity in United States, based in S Burlington, VT. It received its IRS tax-exemption ruling in June 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Special Olympics Vermont reported income of $1.2m and spending of $929k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics Vermont sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within VT. Charities of a similar size with the same main cause include Council for Court Excellence ($1.2m), New Jersey Association of Independent Schools ($1.2m) and The Andrew Goodman Foundation Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $129k (14% of expenses). Other salaries and wages came to $365k. At year end it held assets of $2.7m against liabilities of $508k, net assets of $2.2m. It reported 14 employees.