USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Timonium, MD. 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 $476k and spending of $449k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $810k to $476k (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 98% 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 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include New Mexico Society of C P a S FDN for Education & Research ($476k), Aaple Academy Foundation ($477k) and Georgia State University Alumni Association Inc ($476k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.0m against liabilities of $3,230, net assets of $1.0m.