USA Artistic Swimming Foundation

Analysis

USA Artistic Swimming Foundation is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in May 1985, 41 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, USA Artistic Swimming Foundation reported income of $187k and spending of $646k, spending 346% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $201k to $187k (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income rose by 138%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, USA Artistic Swimming Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Hamere Berhan St Abba Samuel Ethiopian Orthodox Tewahedo Monast ($187k), Onaga Historical Society ($187k) and National Havurah Coordinating Committee ($187k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Other salaries and wages came to $61k. It paid $10k in professional fundraising fees. At year end it held assets of $3.5m against liabilities of $321k, net assets of $3.1m. It reported 1 employees.