Southern California Committee for the Olympic Games

Analysis

Southern California Committee for the Olympic Games is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1949, 77 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southern California Committee for the Olympic Games reported income of $261k and spending of $287k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $250k to $261k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southern California Committee for the Olympic Games sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within CA. Charities of a similar size with the same main cause include Anew Ministries ($261k), Wasatch Peaks Foundation ($261k) and Jewish Womens Action Alliance Arizona ($261k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $335k against liabilities of $10k, net assets of $325k.