Special Olympics Florida Foundation Inc

Analysis

Special Olympics Florida Foundation Inc is a registered charity in United States, based in Clermont, FL. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Special Olympics Florida Foundation Inc reported income of $250k and spending of $437k, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $250k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income dropped by 348%. Over the whole period it spent 890% 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 Florida Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Buffalo Rodeo Association ($250k), Northwest Arkansas Amateur Hockey Association ($250k) and Road Runners Club of America ($250k).

At year end it held assets of $8.4m against liabilities of $334k, net assets of $8.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.