United States Olympic & Paralympic Museum

Analysis

United States Olympic & Paralympic Museum is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United States Olympic & Paralympic Museum reported income of $7.3m and spending of $8.6m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $23.0m to $7.3m (-69%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, United States Olympic & Paralympic Museum 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 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Numfocus Inc ($7.2m), Montalvo Association ($7.3m) and St Lukes Chamber Ensemble Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $369k (4.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $97.7m against liabilities of $16.9m, net assets of $80.9m. It reported 55 employees.