USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Metairie, LA. 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 $240k and spending of $312k, spending 130% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $378k to $240k (-36%), an average of -11% a year. The sharpest change came in the year to August 2023, when income dropped by 38%. Over the whole period it spent 97% 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 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within LA. Charities of a similar size with the same main cause include Villa de Tularosa Senior Housing Inc ($240k), Father Kolbe Missionaries of the Immaculata ($240k) and Junk ($240k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $265k against liabilities of $0, net assets of $265k.