Special Olympics Missouri

Analysis

Special Olympics Missouri is a registered charity in United States, based in Jefferson Cty, MO. It received its IRS tax-exemption ruling in August 1977, 49 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 Missouri reported income of $6.7m and spending of $5.0m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $6.7m (+98%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics Missouri sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MO. Charities of a similar size with the same main cause include Mental Illness Recovery Center Inc ($6.7m), Society for Christian Instruction ($6.7m) and 2life Communities Services Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Compensation of current officers, directors and key employees was $198k (4.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $21.8m against liabilities of $379k, net assets of $21.4m. It reported 47 employees.