United States Olympic and Paralympic Foundation

Analysis

United States Olympic and Paralympic Foundation is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in October 2013, 13 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, United States Olympic and Paralympic Foundation reported income of $48.8m and spending of $38.9m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.3m to $48.8m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 106% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Olympic and Paralympic Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Peach Bowl Inc ($47.4m), Western Washington Fair Association ($48.8m) and Corporation for the Promotion of Rifle Practice and Firearms Safety ($46.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. It paid $885k in professional fundraising fees. At year end it held assets of $88.3m against liabilities of $77.0m, net assets of $11.3m.