USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Springville, UT. 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 $391k and spending of $307k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $556k to $391k (-30%), an average of -8.4% a year. The sharpest change came in the year to December 2021, when income rose by 153%. Over the whole period it spent 79% 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 UT. Charities of a similar size with the same main cause include Source Music Inc ($390k), Peace of Mind Inc ($391k) and Comunidad Cristiana Ven Y Ve ($390k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $39k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.