USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Redmond, WA. 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 $375k and spending of $348k, spending 93% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $366k to $375k (+2.3%), an average of +0.6% a year. The sharpest change came in the year to August 2022, when income rose by 33%. Over the whole period it spent 112% 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 64th percentile within WA. Charities of a similar size with the same main cause include Beta Alpha Psi National Council ($375k), Central Ohio Association of Christian Broadcasters ($375k) and The Collective at Building Hope ($375k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 5.4% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $1,200 (0.3% of expenses). Other salaries and wages came to $62k. At year end it held assets of $969k against liabilities of $2,311, net assets of $967k. It reported 9 employees.