USA Weightlifting Inc

Analysis

USA Weightlifting Inc is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in February 1983, 43 years ago. 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 Weightlifting Inc reported income of $6.8m and spending of $6.9m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $7.7m to $6.8m (-11%), an average of -3.0% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, USA Weightlifting Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within CO. Charities of a similar size with the same main cause include Meadowlands Transportation Brokerage Corp ($6.8m), Catholic Charities Legal Services Archdiocese of Miami Inc ($6.8m) and Udt-Seal Museum Association Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $499k (7.2% of expenses). Other salaries and wages came to $791k. At year end it held assets of $3.9m against liabilities of $1.9m, net assets of $2.0m. It reported 12 employees.