Special Olympics Inc

Analysis

Special Olympics Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 1969, 57 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 Inc reported income of $152.2m and spending of $160.5m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $135.6m to $152.2m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 18%. Over the whole period it spent 95% 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 Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within DC. Charities of a similar size with the same main cause include United States Soccer Federation Inc ($149.2m), Southeast Volusia Healthcare Corporation ($172.0m) and Pasadena Tournament of Roses Assn ($148.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $1.8m (1.1% of expenses). Other salaries and wages came to $28.7m. It paid $8.2m in professional fundraising fees. At year end it held assets of $150.3m against liabilities of $30.1m, net assets of $120.1m. It reported 280 employees.