Iowa Special Olympics Inc

Analysis

Iowa Special Olympics Inc is a registered charity in United States, based in Grimes, IA. It received its IRS tax-exemption ruling in December 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 (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, Iowa Special Olympics Inc reported income of $3.0m and spending of $3.4m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.4m to $3.0m (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Iowa Special Olympics Inc 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 89th percentile, and in the 90th percentile within IA. Charities of a similar size with the same main cause include National Association of Sports Commissions ($2.9m), Eastern College Athletic Conference Inc ($3.0m) and Milwaukee Sting Volleyball Club Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $166k (5.0% of expenses). Other salaries and wages came to $769k. At year end it held assets of $5.0m against liabilities of $170k, net assets of $4.8m. It reported 21 employees.