USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in McLean, VA. 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 2024, USA Swimming Inc reported income of $1.1m and spending of $949k, spending 86% of its income. Across the 6 years on record, from August 2019 to August 2024, income grew from $1.1m to $1.1m (+2.7%), an average of +0.5% a year. The sharpest change came in the year to August 2022, when income rose by 131%. Over the whole period it spent 92% 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 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include Epilepsy Foundation of Northeastern New York Inc ($1.1m), Lutheran Counseling Services Inc ($1.1m) and The Library Foundation ($1.1m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 29% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $50k (5.3% of expenses). Other salaries and wages came to $77k. At year end it held assets of $1.5m against liabilities of $149k, net assets of $1.3m. It reported 3 employees.