SPECIAL OLYMPICS MICHIGAN INC

MOUNT PLEASANT, MI, 48859-0001 (989) 774-3911 Est. 1972 EIN 38-1964643

N72 - Special Olympics 990 - Public charity return 501(c)(3)

www.somi.org

Mission

THE SPECIAL OLYMPICS MOVEMENT USES SPORT AS A VEHICLE FOR ACCEPTANCE, RESPECT, INCLUSION, DIGNITY, AND JOY. WE PROVIDE YEAR-ROUND SPORTS TRAINING AND COMPETITION FOR CHILDREN AND ADULTS WITH INTELLECTUAL DISABILITIES.

Financials

Total Revenue

$17,168,671

Total Expenses

$10,353,146

Net Assets

$41,021,114

77 employees 17,383 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

4.0 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 11.2%

Expenses ↑ 10.0%

Revenue Sources

Contributions 84.2% Investment 6.0% Other 10.0%

Expense Breakdown

Program 85.0% Management 2.6% Fundraising 12.4%

Officers & Key Employees (24)

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Grants Received (422)

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Filing History (5 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jan 1, 2024 to Dec 31, 2024	$17,168,671 ↑	$10,353,146	$41,021,114
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$15,441,956 ↑	$9,412,062	$33,421,855
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$10,928,476 ↑	$8,252,400	$22,840,053
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$10,034,005 ↑	$5,231,733	$22,550,394
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$8,185,874	$5,030,379	$16,909,578