Special Olympics Colorado

Analysis

Special Olympics Colorado is a registered charity in United States, based in Aurora, CO. It received its IRS tax-exemption ruling in March 1975, 51 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, Special Olympics Colorado reported income of $6.3m and spending of $6.0m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $6.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 95% 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 Colorado 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 Palm Harbor Community Service Agency Inc ($6.3m), Spirit Soccer Club of Chester Co ($6.3m) and Northside Youth Organization Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $359k (6.0% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $7.0m against liabilities of $1.7m, net assets of $5.3m. It reported 46 employees.