USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Bar Harbor, ME. 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 2024, USA Swimming Inc reported income of $102k and spending of $153k, spending 150% of what it took in. Across the 3 years on record, from August 2022 to August 2024, income fell from $155k to $102k (-34%), an average of -19% a year. The sharpest change came in the year to August 2024, when income dropped by 50%. Over the whole period it spent 98% 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 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 31st percentile within ME. Charities of a similar size with the same main cause include Inclusive Collective ($102k), PTA California Congress of Parents Teachers & Students Inc ($102k) and Frank Shivers Evangelistic Association ($102k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 6.0% and program service revenue 92% of the total. At year end it held assets of $148k against liabilities of $148, net assets of $148k.