USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Phoenix, AZ. 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 $296k and spending of $295k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $625k to $296k (-53%), an average of -17% a year. The sharpest change came in the year to August 2023, when income dropped by 58%. Over the whole period it spent 101% 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 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within AZ. Charities of a similar size with the same main cause include North Port Area Art Guild Inc ($296k), West Side Infant Day Care Center Inc ($296k) and Saranac Lake Volunteer Fire Company Inc ($296k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $71k. At year end it held assets of $767k against liabilities of $1,110, net assets of $766k. It reported 2 employees.