USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Shelton, CT. 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 2023, USA Swimming Inc reported income of $584k and spending of $571k, spending 98% of its income. Across the 4 years on record, from August 2019 to August 2023, income fell from $634k to $584k (-7.9%), an average of -2.7% a year. The sharpest change came in the year to August 2023, when income rose by 408%. Over the whole period it spent 101% 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 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within CT. Charities of a similar size with the same main cause include Youth Tennis Advantage ($584k), USA Team Handball ($585k) and Brec Foundation ($584k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 16% and program service revenue 79% of the total. Other salaries and wages came to $79k. At year end it held assets of $963k against liabilities of $100k, net assets of $863k. It reported 18 employees.