Special Olympics Texas Inc

Analysis

Special Olympics Texas Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in November 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Special Olympics Texas Inc reported income of $11.6m and spending of $11.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.8m to $11.6m (+48%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 97% 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 Texas Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Franconia Mennonite Camp Association Inc ($11.6m), Sonoma County Fair & Exposition Inc ($11.8m) and Erie County Agricultural Society ($11.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $1.1m (9.4% of expenses). Other salaries and wages came to $4.3m. At year end it held assets of $9.4m against liabilities of $1.0m, net assets of $8.4m. It reported 120 employees.