Arkansas Special Olympics Inc

Analysis

Arkansas Special Olympics Inc is a registered charity in United States, based in N Little Rock, AR. 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, Arkansas Special Olympics Inc reported income of $1.8m and spending of $1.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Arkansas Special Olympics Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within AR. Charities of a similar size with the same main cause include Alive Inc ($1.8m), Windy Hill Foundation Inc ($1.8m) and Pennsylvania State Assn of County Fairs ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $137k (7.2% of expenses). Other salaries and wages came to $507k. At year end it held assets of $3.4m against liabilities of $43k, net assets of $3.4m. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.