USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in N Palm Beach, FL. 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 $352k and spending of $212k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $290k to $352k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 74% 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 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Women in Dialogue ($352k), Governors Industrial Safety and Health Advisory Board ($352k) and Volunteer Hampton Roads ($351k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 88% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.