SPECIAL OLYMPICS INC
Mission Statement
The mission of Special Olympics is to provide year-round sports training and athletic competition in a variety of Olympic-type sports for children and adults with intellectual disabilities, giving them continuing opportunities to develop physical fitness, demonstrate courage, experience joy and participate in a sharing of gifts, skills and friendship with their families, other Special Olympics athletes and the community. There are about 200 million people with intellectual disabilities around the world. Our goal is to reach out to every one of them – and their families as well. Special Olympics does this through a wide range of trainings, competitions, health screenings and fund-raising events. We also create opportunities for families, community members, local leaders, businesses, law enforcement, celebrities, dignitaries and others to band together to change attitudes and support athletes. Special Olympics is raising awareness about the abilities of people with intellectual disabilities. Through sports, we showcase the skills and dignity of our athletes. We also bring together communities to see and take part in the transformative power of sports. We held 70,278 competitions last year -- about 193 per day or 8 per hour. Special Olympics has the support of governments worldwide. We have helped bring about policies to improve education, health care, and employment opportunities for people with intellectual disabilities all around the world. Some of our key program efforts to build communities include: Athlete Leadership Programs, Family Engagement, Healthy Athletes, Project UNIFY and Young Athletes. Special Olympics leads the world in researching and addressing the concerns of people with intellectual disabilities – the largest disability group in the world. We identify the pressing issues facing this group, commission and conduct high-level, externally validated scientific research, then reach out to the highest leaders in government, health care, education, the nonprofit sector and business to influence policy and to bring valuable services to those in need. Special Olympics’ research into intellectual disability is a catalytic force for social and policy change around the globe. Special Olympics knows no boundaries. Without regard to gender, race, religion, economic or education level, Special Olympics has the ability to unite all walks of life. This spirit of generosity, inclusion and volunteerism helps to connect the community as a whole. In this way, we will build a stronger, safer world.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
84.7% | 90.0% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
4.0% | 7.7% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
11.3% | 0.1% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.9 mo | 8.1 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
15.6% | 29.5% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
91.8% | 90.0% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
22.4% | 25.4% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.0% | 9.3% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
9.6% | 7.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $186.4M | $168.5M | $138.7M | 84.7% | 286 |
| 2023 | $152.2M | $160.5M | $120.1M | 84.1% | 280 |
| 2022 | $138.3M | $142.3M | $127.4M | 84.7% | 282 |
| 2021 | $148.3M | $126.0M | N/A | — | 260 |
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