USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Richmond, VA. 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 2024, USA Swimming Inc reported income of $816k and spending of $777k, spending 95% of its income. Across the 6 years on record, from August 2019 to August 2024, income fell from $952k to $816k (-14%), an average of -3.0% a year. The sharpest change came in the year to August 2023, when income dropped by 31%. 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 77th percentile, and in the 77th percentile within VA. Charities of a similar size with the same main cause include Massapequa Soccer Club Inc ($816k), Running USA Inc ($817k) and Junior Football League of Central Illinois ($815k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $89k (11% of expenses). At year end it held assets of $801k against liabilities of $0, net assets of $801k. It reported 2 employees.