The Mexico Senior Olympics Inc

Analysis

The Mexico Senior Olympics Inc is a registered charity in United States, based in Roswell, NM. It received its IRS tax-exemption ruling in April 1979, 47 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 Mexico Senior Olympics Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $969k to $1.0m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, The Mexico Senior Olympics Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within NM. Charities of a similar size with the same main cause include Eagle Grove Recreation ($1.0m), Columbia Youth Hockey Inc ($1.0m) and Center Management Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 8.4% of the total. Compensation of current officers, directors and key employees was $93k (8.6% of expenses). Other salaries and wages came to $180k. At year end it held assets of $415k against liabilities of $29k, net assets of $386k. It reported 9 employees.