USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Oxford, OH. 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 2023, USA Swimming Inc reported income of $549k and spending of $631k, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $402k to $549k (+36%), an average of +8.1% a year. The sharpest change came in the year to August 2022, when income rose by 76%. 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 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Burien Cooperative Education Project ($549k), Tremont Transport Service Inc ($549k) and Parents Place Inc ($549k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2,905 (0.5% of expenses). Other salaries and wages came to $98k. At year end it held assets of $451k against liabilities of $0, net assets of $451k. It reported 4 employees.