USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in March 2006, 20 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 Swimming Inc reported income of $303k and spending of $194k, leaving 36% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $303k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 272%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, USA Swimming Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Sterling - Lancaster Community Television Corporation ($303k), Magnalia Homestead Foundation ($303k) and Port of Sacramento Japanese School ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. Other salaries and wages came to $24k. At year end it held assets of $862k against liabilities of $1,074, net assets of $861k.