USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Evanston, IL. 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 $827k and spending of $887k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.0m to $827k (-59%), an average of -20% a year. The sharpest change came in the year to August 2023, when income dropped by 58%. Over the whole period it spent 100% 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 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within IL. Charities of a similar size with the same main cause include Heartside Non-Profit Housing Corporation ($827k), Friends of Oasis ($828k) and Greensboro Housing Coalition Inc ($827k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $149k (17% of expenses). At year end it held assets of $1.1m against liabilities of $23k, net assets of $1.0m. It reported 4 employees.