USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Minnetonka, MN. 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 $635k and spending of $541k, spending 85% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $635k (-43%), an average of -13% a year. The sharpest change came in the year to August 2023, when income dropped by 46%. Over the whole period it spent 94% 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 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MN. Charities of a similar size with the same main cause include Super6 Inc ($635k), Ohio Athletic Conference ($635k) and Southeastern Swim Club Incorporated ($635k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $98k (18% of expenses). Other salaries and wages came to $58k. At year end it held assets of $1.2m against liabilities of $33k, net assets of $1.2m. It reported 3 employees.