Special Olympics Utah Inc

Analysis

Special Olympics Utah Inc is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in December 1983, 43 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 Utah Inc reported income of $1.8m and spending of $1.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $928k to $1.8m (+93%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 121%. 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 Utah Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within UT. Charities of a similar size with the same main cause include Camp Beech Cliff ($1.8m), Saratoga Rowing Association Inc ($1.8m) and Gaston Aquatics Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $149k (9.2% of expenses). Other salaries and wages came to $465k. At year end it held assets of $1.8m against liabilities of $299k, net assets of $1.5m. It reported 14 employees.