Special Olympics Tennessee Inc

Analysis

Special Olympics Tennessee Inc is a registered charity in United States, based in Brentwood, TN. It received its IRS tax-exemption ruling in January 1974, 52 years ago. 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 Tennessee Inc reported income of $3.5m and spending of $3.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.5m (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics Tennessee Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Golden Valley Memorial Hospital Foundation Inc ($3.5m), Eversight International ($3.5m) and Kissito Healthcare Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $146k (4.6% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $6.9m against liabilities of $538k, net assets of $6.4m. It reported 22 employees.