USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Carmel, IN. 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 $1.0m and spending of $705k, leaving 30% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $862k to $1.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to August 2021, when income rose by 67%. Over the whole period it spent 81% 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 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within IN. Charities of a similar size with the same main cause include The Educational Foundation of the Florida Restaurant & Lodging Assoc ($1.0m), League of Prayer Inc ($1.0m) and Operation Love Ministries Inc ($1.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $105k (15% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.6m against liabilities of $162k, net assets of $1.4m. It reported 4 employees.