USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Needham, MA. 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 $517k and spending of $487k, spending 94% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $540k to $517k (-4.3%), an average of -1.1% a year. The sharpest change came in the year to August 2022, when income rose by 77%. Over the whole period it spent 111% 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 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Sokol South Omaha ($516k), Glen Ridge Athletic Association ($517k) and Little League Baseball Inc ($516k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 41% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $34k (7.0% of expenses). Other salaries and wages came to $110k. At year end it held assets of $833k against liabilities of $10k, net assets of $823k. It reported 3 employees.