Special Olympics Alaska Inc

Analysis

Special Olympics Alaska Inc is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in August 1981, 45 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 Alaska Inc reported income of $2.0m and spending of $2.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.0m (+35%), an average of +7.7% a year. Over the whole period it spent 96% 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 Alaska 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 86th percentile, and in the 86th percentile within AK. Charities of a similar size with the same main cause include Nodak Sportsmens Club ($2.0m), Pasco County Fair Association Inc ($2.0m) and Sporting St Louis ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% of the total. Compensation of current officers, directors and key employees was $200k (10% of expenses). Other salaries and wages came to $434k. At year end it held assets of $9.3m against liabilities of $138k, net assets of $9.2m. It reported 15 employees.