USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Rancho Palos Verdes, CA. 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 August 2023, USA Swimming Inc reported income of $894k and spending of $1.1m, spending 124% of what it took in. Across the 4 years on record, from August 2019 to August 2023, income fell from $4.0m to $894k (-78%), an average of -39% a year. The sharpest change came in the year to August 2023, when income rose by 143%. Over the whole period it spent 90% 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 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Experience Learning ($894k), Police Athletic League of KCKS ($894k) and The Mapga Foundation Inc ($893k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 102% of the total. Compensation of current officers, directors and key employees was $192k (17% of expenses). Other salaries and wages came to $140k. At year end it held assets of $4.8m against liabilities of $27k, net assets of $4.7m. It reported 4 employees.