USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in San Antonio, TX. 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 December 2023, USA Swimming Inc reported income of $437k and spending of $371k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $445k to $437k (-1.9%), an average of -0.5% a year. The sharpest change came in the year to December 2021, when income rose by 191%. Over the whole period it spent 80% 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 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include Memphis State Swimming Inc ($437k), Booster Club of Smithtown ($437k) and Ashley Ridge Athletics Booster Club ($437k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $61k (16% of expenses). At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m. It reported 1 employees.