Special Olympics Arizona Inc

Analysis

Special Olympics Arizona Inc is a registered charity in United States, based in Goodyear, AZ. It received its IRS tax-exemption ruling in April 2002, 24 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 Arizona Inc reported income of $6.4m and spending of $6.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.0m to $6.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 86% 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 Arizona Inc 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 92nd percentile within AZ. Charities of a similar size with the same main cause include Spirit Soccer Club of Chester Co ($6.3m), Kentucky High School Athletic Association ($6.4m) and Special Olympics Colorado ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $343k (5.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $10.9m against liabilities of $554k, net assets of $10.3m. It reported 38 employees.