Special Olympics South Carolina

Analysis

Special Olympics South Carolina is a registered charity in United States, based in Lexington, SC. It received its IRS tax-exemption ruling in March 1979, 47 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 South Carolina reported income of $5.2m and spending of $4.3m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.0m to $5.2m (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics South Carolina sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Our Community Hospital Inc ($5.2m), Heartland Child Nutrition Inc ($5.2m) and Jobone ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $8.4m against liabilities of $25k, net assets of $8.4m. It reported 15 employees.