Special Olympics Louisiana Inc

Analysis

Special Olympics Louisiana Inc is a registered charity in United States, based in Covington, LA. It received its IRS tax-exemption ruling in December 1973, 53 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 Louisiana Inc reported income of $2.6m and spending of $2.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.6m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics Louisiana Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within LA. Charities of a similar size with the same main cause include Family Service Association of Howard County Inc ($2.6m), Our Little Helpers Inc ($2.6m) and Four County Library System ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $175k (7.7% of expenses). Other salaries and wages came to $664k. At year end it held assets of $2.4m against liabilities of $98k, net assets of $2.3m. It reported 20 employees.