Special Olympics Ohio Inc

Analysis

Special Olympics Ohio Inc is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in July 1990, 36 years ago. 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 Ohio Inc reported income of $7.0m and spending of $6.6m, spending 94% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $5.4m to $7.0m (+30%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income dropped by 37%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics Ohio Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within OH. Charities of a similar size with the same main cause include Boy Scouts of America ($7.0m), York County Food Bank ($7.0m) and Restore Hope Ministries Inc ($7.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. Compensation of current officers, directors and key employees was $183k (2.8% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $11.9m against liabilities of $1.2m, net assets of $10.7m. It reported 37 employees.