USA Swimming Foundation

Analysis

USA Swimming Foundation is a registered charity in United States, based in Colorado Springs, CO. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, USA Swimming Foundation reported income of $3.9m and spending of $4.1m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.7m to $3.9m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 103% 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 Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Amateur Hockey Assoc Illinois Inc ($3.9m), Racquet Up Detroit ($3.9m) and Springspirit Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $64k (1.5% of expenses). It paid $38k in professional fundraising fees. At year end it held assets of $22.9m against liabilities of $1.0m, net assets of $21.9m.