USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Clover, SC. 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 $377k and spending of $388k, spending 103% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $248k to $377k (+52%), an average of +11% a year. The sharpest change came in the year to August 2021, when income rose by 29%. Over the whole period it spent 96% 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 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within SC. Charities of a similar size with the same main cause include North Tahoe Arts Inc ($377k), Homes for the Homeless ($377k) and Lutheran News ($377k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 93% of the total. Other salaries and wages came to $108k. At year end it held assets of $804k against liabilities of $47k, net assets of $757k. It reported 2 employees.