USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in New London, WI. 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 $558k and spending of $584k, spending 105% of its income. Across the 5 years on record, from December 2019 to August 2023, income fell from $886k to $558k (-37%), an average of -11% a year. The sharpest change came in the year to August 2021, when income rose by 161%. 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 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 72nd percentile within WI. Charities of a similar size with the same main cause include CG Adventures International Inc ($558k), Chugiak Soccer Club Inc ($558k) and Wahoo Aquatic Club Inc ($557k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Other salaries and wages came to $154k. At year end it held assets of $170k against liabilities of $39, net assets of $170k. It reported 3 employees.