Special Olympics Kentucky Inc

Analysis

Special Olympics Kentucky Inc is a registered charity in United States, based in Frankfort, KY. It received its IRS tax-exemption ruling in July 1980, 46 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 Kentucky Inc reported income of $4.0m and spending of $3.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $4.0m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 73% 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 Kentucky Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include Future Citizens Foundation ($4.0m), Angels Baseball Foundation Inc ($4.0m) and Team Summit ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $142k (4.5% of expenses). At year end it held assets of $8.9m against liabilities of $417k, net assets of $8.4m. It reported 28 employees.