United State Olympic and Paralympic Properties LLC

Analysis

United State Olympic and Paralympic Properties LLC is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2023, 3 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, United State Olympic and Paralympic Properties LLC reported income of $71.6m and spending of $80.1m, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.5m to $71.6m (+4699%), an average of +4699% a year. The sharpest change came in the year to December 2023, when income rose by 4699%. Over the whole period it spent 113% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United State Olympic and Paralympic Properties LLC sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Energy Outreach Colorado ($71.5m), State Fair of Texas ($77.7m) and American Youth Soccer Organization ($71.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $1.6m (2.1% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $148.0m against liabilities of $235.8m, net assets of -$87.8m. It reported 47 employees.