Special Olympics Illinois

Analysis

Special Olympics Illinois is a registered charity in United States, based in Normal, IL. It received its IRS tax-exemption ruling in August 1977, 49 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 Illinois reported income of $16.4m and spending of $18.4m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.7m to $16.4m (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics Illinois sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include The Open Window School ($16.4m), Associated Recreation Council ($16.4m) and American Community School of Athens Inc ($16.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% of the total. Compensation of current officers, directors and key employees was $786k (4.3% of expenses). Other salaries and wages came to $5.9m. It paid $80k in professional fundraising fees. At year end it held assets of $15.4m against liabilities of $3.7m, net assets of $11.7m. It reported 99 employees.