USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Katy, TX. 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 December 2023, USA Swimming Inc reported income of $820k and spending of $911k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $828k to $820k (-1.0%), an average of -0.2% a year. The sharpest change came in the year to December 2020, when income dropped by 55%. Over the whole period it spent 130% 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 81st percentile within TX. Charities of a similar size with the same main cause include Rhodes Grove Camp & Conference Center ($820k), Western Surfing Association ($821k) and Sfba ($820k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $146k (16% of expenses). Other salaries and wages came to $39k. At year end it held assets of $2.5m against liabilities of $1,760, net assets of $2.5m. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.