The United States Olympic and Paralympic Endowment

Analysis

The United States Olympic and Paralympic Endowment is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in September 1984, 42 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, The United States Olympic and Paralympic Endowment reported income of $5.8m and spending of $13.4m, spending 231% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.9m to $5.8m (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 83% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The United States Olympic and Paralympic Endowment sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Waco Warriors Sports Foundation ($5.8m), Placer Valley Sports Complex Inc ($5.8m) and Mountain View Los Altos Soccer Club ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% of the total. Compensation of current officers, directors and key employees was $264k (2.0% of expenses). At year end it held assets of $678.2m against liabilities of $449.0m, net assets of $229.2m. It reported 3 employees.