USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in March 2006, 20 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, USA Swimming Inc reported income of $38.5m and spending of $40.6m, spending 106% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $37.0m to $38.5m (+3.9%), an average of +0.8% a year. Over the whole period it spent 105% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Swimming Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within CO. Charities of a similar size with the same main cause include Louisville Arena Authority Inc ($38.4m), Little League Baseball Inc ($38.7m) and USA Track & Field Inc ($37.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $2.0m (4.9% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $48.0m against liabilities of $24.9m, net assets of $23.1m. It reported 101 employees.