Special Olympics Washington

Analysis

Special Olympics Washington is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 1976, 50 years ago. 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 Washington reported income of $6.0m and spending of $8.0m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.3m to $6.0m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Special Olympics Washington sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within WA. Charities of a similar size with the same main cause include South Bay Center for Counseling ($6.0m), Catalyst CT Inc ($6.0m) and Catholic Comm Hospice of Ne Kansas Inc ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Compensation of current officers, directors and key employees was $587k (7.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $8.4m against liabilities of $2.2m, net assets of $6.2m. It reported 47 employees.