USA Swimming Inc

Analysis

USA Swimming Inc is a registered charity in United States, based in Anchorage, AK. 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 May 2023, USA Swimming Inc reported income of $174k and spending of $142k, spending 82% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $269k to $174k (-35%), an average of -10% a year. The sharpest change came in the year to May 2021, when income dropped by 32%. Over the whole period it spent 99% 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 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 46th percentile within AK. Charities of a similar size with the same main cause include Virginia Native Plant Society Inc ($174k), Womens Resource Center in Alamance County ($174k) and Humane Society Animal League for Life Inc ($174k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 58% and program service revenue 42% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.