Special Olympics District of Columbia Inc

Analysis

Special Olympics District of Columbia Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1974, 52 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 District of Columbia Inc reported income of $1.2m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.2m (+20%), an average of +4.8% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics District of Columbia Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 58th percentile within DC. Charities of a similar size with the same main cause include Omaha JT Elect App & Training Comm ($1.2m), Chicago Development Fund ($1.2m) and North Carolina Humanities Council ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $132k (11% of expenses). Other salaries and wages came to $477k. At year end it held assets of $877k against liabilities of $241k, net assets of $636k. It reported 14 employees.