USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Blue Bell, PA. 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 $801k and spending of $783k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $801k (-42%), an average of -13% a year. The sharpest change came in the year to August 2022, when income rose by 56%. Over the whole period it spent 97% 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 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Weirton Christian Center ($801k), Oklahoma Railway Museum Limited ($801k) and Kings Daughters & Sons Inc Home for Aged ($801k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 101% of the total. Compensation of current officers, directors and key employees was $201k (26% of expenses). Other salaries and wages came to $84k. At year end it held assets of $1.3m against liabilities of $23k, net assets of $1.3m. It reported 5 employees.