Special Olympics Mississippi Inc

Analysis

Special Olympics Mississippi Inc is a registered charity in United States, based in Jackson, MS. 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, Special Olympics Mississippi Inc reported income of $856k and spending of $880k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $856k (-25%), an average of -7.0% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 82% 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 Mississippi Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within MS. Charities of a similar size with the same main cause include Sheboygan Area Youth Soccer Organization Inc ($856k), Lincoln Sports Foundation Inc ($856k) and Arizona High School Rodeo Association Inc ($855k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.9% of the total. Compensation of current officers, directors and key employees was $108k (12% of expenses). Other salaries and wages came to $282k. At year end it held assets of $967k against liabilities of $70k, net assets of $897k. It reported 9 employees.