USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Rawlins, WY. 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 August 2023, USA Swimming Inc reported income of $141k and spending of $135k, spending 96% of its income. Across the 3 years on record, from August 2021 to August 2023, income fell from $256k to $141k (-45%), an average of -26% a year. The sharpest change came in the year to August 2022, when income dropped by 57%. Over the whole period it spent 93% 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 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 42nd percentile within WY. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($141k), Holmen Athletic Booster Club Inc ($141k) and PTA California Congress of Parents Teachers & Students Inc ($141k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $186k against liabilities of $1,886, net assets of $185k.