United States Masters Swimming Inc

Analysis

United States Masters Swimming Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in December 1984, 42 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, United States Masters Swimming Inc reported income of $4.2m and spending of $4.6m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.2m to $4.2m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to December 2020, when income dropped by 17%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, United States Masters Swimming Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Tampa Bay Sports Commission Inc ($4.2m), Sky High Volleyball Club ($4.2m) and Asheville Buncombe Youth Soccer Association Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $474k (10% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.8m against liabilities of $2.8m, net assets of $4.0m. It reported 18 employees.