Special Olympics Massachusetts Inc

Analysis

Special Olympics Massachusetts Inc is a registered charity in United States, based in Marlborough, MA. It received its IRS tax-exemption ruling in May 1990, 36 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 Massachusetts Inc reported income of $5.6m and spending of $6.3m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $5.6m (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 16%. Over the whole period it spent 93% 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 Massachusetts 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 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Telluride Foundation ($5.6m), Florida Sports Foundation Incorporated ($5.7m) and Rising Sun Center for Opportunity ($5.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 104% of the total. Compensation of current officers, directors and key employees was $395k (6.3% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $18.2m against liabilities of $3.4m, net assets of $14.8m. It reported 37 employees.