USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Bozeman, MT. 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 December 2023, USA Swimming Inc reported income of $106k and spending of $103k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $106k (-52%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 92%. Over the whole period it spent 100% 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 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within MT. Charities of a similar size with the same main cause include Jonathan Edwards Trust ($106k), Brittain Ministries Inc ($106k) and Road Runners Club of America ($106k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $1,050 (1.0% of expenses). At year end it held assets of $219k against liabilities of $0, net assets of $219k.