USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Ronkonkoma, NY. 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 August 2023, USA Swimming Inc reported income of $500k and spending of $458k, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $670k to $500k (-25%), an average of -7.0% a year. The sharpest change came in the year to August 2022, when income rose by 80%. Over the whole period it spent 105% 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 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Center for Children and Families ($500k), French Valley Girls Softball Association League ($501k) and Utah Valley Aquatics Inc ($500k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $33k (7.3% of expenses). At year end it held assets of $906k against liabilities of $70k, net assets of $836k. It reported 2 employees.