USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Minneola, FL. It received its IRS tax-exemption ruling in March 2006, 20 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, USA Swimming Inc reported income of $705k and spending of $635k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $705k (-47%), an average of -15% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, USA Swimming Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include The Riverside Boat Club of Cambridge ($705k), Livin the Dream Ministries Inc ($706k) and Gulf Coast Regional Volleyball Association Inc ($705k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $93k. At year end it held assets of $1.0m against liabilities of $10k, net assets of $1.0m. It reported 2 employees.