Special Olympics New Jersey Inc

Analysis

Special Olympics New Jersey Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in November 1983, 43 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 New Jersey Inc reported income of $8.8m and spending of $8.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $8.8m (+6.4%), an average of +1.6% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics New Jersey Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Celebrity Series of Boston ($8.8m), Ka Hale a Ke Ola Homeless Resource Centers Inc ($8.8m) and Nuestros Ninos Day Care Center Inc ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $480k (6.0% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $20.6m against liabilities of $1.3m, net assets of $19.2m. It reported 66 employees.