Special Olympics Michigan Inc

Analysis

Special Olympics Michigan Inc is a registered charity in United States, based in Mount Pleasant, MI. It received its IRS tax-exemption ruling in September 1972, 54 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, Special Olympics Michigan Inc reported income of $15.4m and spending of $9.4m, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.8m to $15.4m (+75%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 65% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Special Olympics Michigan Inc 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 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include National Strength and Conditioning Association ($15.3m), Edith and Carl Marks Jewish Community House of Bensonhurst Inc ($15.6m) and Fresh Air Fund ($15.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $343k (3.6% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $34.3m against liabilities of $849k, net assets of $33.4m. It reported 79 employees.