Special Olympics Nebraska Inc

Analysis

Special Olympics Nebraska Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in October 1977, 49 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Special Olympics Nebraska Inc reported income of $3.1m and spending of $2.7m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.1m (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 94% 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 Nebraska Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within NE. Charities of a similar size with the same main cause include Team Illinois Hockey Club ($3.1m), Elite Soccer League Inc ($3.1m) and Chargers Soccer Club Inc ($3.1m).

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 $252k (9.4% of expenses). Other salaries and wages came to $776k. At year end it held assets of $5.2m against liabilities of $265k, net assets of $4.9m. It reported 25 employees.