Usa Swimming Inc
Usa Swimming Inc maintains stable assets and manages expenses, with no reported officer compensation.
EIN: 204264282 · Colorado Springs, CO · NTEE: N67 · Updated: 2026-03-28
Is Usa Swimming Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Usa Swimming Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Usa Swimming Inc
Usa Swimming Inc (EIN: 204264282) is a nonprofit organization based in Colorado Springs, CO, classified under NTEE code N67. The organization reported total revenue of $60.1M and total assets of $50.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Usa Swimming Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Usa Swimming Inc is a major nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38.5M |
| Total Expenses | $40.6M |
| Surplus / Deficit | $-2,132,608 |
| Total Assets | $48.0M |
| Total Liabilities | $24.9M |
| Net Assets | $23.1M |
| Operating Margin | -5.5% |
| Debt-to-Asset Ratio | 51.9% |
| Months of Reserves | 14.2 months |
Financial Health Grade: C
In 2023, Usa Swimming Inc reported a deficit of $2.1M with expenses exceeding revenue, holds 14.2 months of operating reserves (strong position), has a debt-to-asset ratio of 51.9% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Usa Swimming Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.1% | -14.5% | -0.2% |
| 2022 | +0.9% | +30.0% | -20.6% |
| 2021 | +10.2% | +26.3% | +13.4% |
| 2020 | -14.1% | -30.6% | +3.9% |
| 2019 | +5.6% | +6.5% | +5.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Usa Swimming Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Usa Swimming Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.9%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual and suggests that either executive compensation is not reported under this category, or the organization operates with a unique compensation structure for its leadership, which warrants further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Usa Swimming Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation, which is unusual for an organization of this scale and warrants further scrutiny.
- Frequent years where expenses exceed revenue (e.g., 2023, 2022, 2019, 2018, 2017, 2016), indicating reliance on reserves or other funding sources to cover operational costs.
Strengths
The following positive indicators were identified for Usa Swimming Inc:
- Stable asset base, consistently around $50 million, providing financial resilience.
- Demonstrated ability to manage significant revenue and expenses over a long period.
- Consistent filing of IRS 990s, indicating a commitment to regulatory compliance and transparency.
Frequently Asked Questions about Usa Swimming Inc
Is Usa Swimming Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Usa Swimming Inc (EIN: 204264282) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Usa Swimming Inc spend its money?
Usa Swimming Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Usa Swimming Inc tax-deductible?
Usa Swimming Inc is registered as a tax-exempt nonprofit (EIN: 204264282). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Usa Swimming Inc fund its operations given the frequent expense overages?
While several years show expenses exceeding revenue (e.g., 2023, 2022, 2019), the organization's consistent asset base suggests it likely draws from reserves, investment income, or other non-operating revenue sources to cover these deficits. Further detail would require examining their Statement of Functional Expenses and Statement of Activities.
What is the nature of the 'Officer Comp=0%' reporting across all filings?
This consistent reporting of zero officer compensation is highly unusual for an organization of this size and revenue. It could mean that officers are compensated through a related entity, are volunteers, or their compensation is categorized differently within the IRS 990, such as 'salaries and wages' for non-officer roles, which would require a deeper dive into the full 990 forms to understand.
Is Usa Swimming Inc's financial health improving or declining?
Looking at the last three years, revenue has been relatively stable ($36.9M-$38.4M), but expenses have fluctuated, leading to deficits in 2022 and 2023. While assets have remained robust, the trend of expenses exceeding revenue in recent years suggests a need to monitor financial sustainability closely, despite a surplus in 2021.
Filing History
IRS 990 filing history for Usa Swimming Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Usa Swimming Inc's revenue has grown by 39.7%, moving from $27.5M to $38.5M. Total assets increased by 58.1% over the same period, from $30.4M to $48.0M. Total functional expenses rose by 50.1%, from $27.0M to $40.6M. In its most recent filing year (2023), Usa Swimming Inc reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $24.9M in liabilities against $48.0M in assets (debt-to-asset ratio: 51.9%), resulting in net assets of $23.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38.5M | $40.6M | $48.0M | $24.9M | — | View 990 |
| 2022 | $37.3M | $47.5M | $48.1M | $26.5M | — | View 990 |
| 2021 | $37.0M | $36.5M | $60.6M | $21.4M | — | View 990 |
| 2020 | $33.6M | $28.9M | $53.4M | $16.7M | — | View 990 |
| 2019 | $39.1M | $41.7M | $51.4M | $19.9M | — | View 990 |
| 2018 | $37.0M | $39.1M | $48.8M | $17.8M | — | View 990 |
| 2017 | $36.2M | $37.5M | $54.4M | $18.1M | — | View 990 |
| 2016 | $39.6M | $40.5M | $52.8M | $18.5M | — | View 990 |
| 2015 | $34.7M | $34.5M | $56.7M | $21.8M | — | View 990 |
| 2014 | $32.1M | $31.7M | $55.3M | $20.7M | — | View 990 |
| 2013 | $32.2M | $31.6M | $32.4M | $13.8M | — | View 990 |
| 2012 | $31.7M | $30.7M | $30.6M | $13.6M | — | View 990 |
| 2011 | $27.5M | $27.0M | $30.4M | $13.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38.5M, expenses of $40.6M, and assets of $48.0M (revenue +3.1% year-over-year).
- 2022: Revenue of $37.3M, expenses of $47.5M, and assets of $48.1M (revenue +0.9% year-over-year).
- 2021: Revenue of $37.0M, expenses of $36.5M, and assets of $60.6M (revenue +10.2% year-over-year).
- 2020: Revenue of $33.6M, expenses of $28.9M, and assets of $53.4M (revenue -14.1% year-over-year).
- 2019: Revenue of $39.1M, expenses of $41.7M, and assets of $51.4M (revenue +5.6% year-over-year).
- 2018: Revenue of $37.0M, expenses of $39.1M, and assets of $48.8M (revenue +2.3% year-over-year).
- 2017: Revenue of $36.2M, expenses of $37.5M, and assets of $54.4M (revenue -8.7% year-over-year).
- 2016: Revenue of $39.6M, expenses of $40.5M, and assets of $52.8M (revenue +14.1% year-over-year).
- 2015: Revenue of $34.7M, expenses of $34.5M, and assets of $56.7M (revenue +8.3% year-over-year).
- 2014: Revenue of $32.1M, expenses of $31.7M, and assets of $55.3M (revenue -0.4% year-over-year).
- 2013: Revenue of $32.2M, expenses of $31.6M, and assets of $32.4M (revenue +1.5% year-over-year).
- 2012: Revenue of $31.7M, expenses of $30.7M, and assets of $30.6M (revenue +15.2% year-over-year).
- 2011: Revenue of $27.5M, expenses of $27.0M, and assets of $30.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Usa Swimming Inc:
Data Sources and Methodology
This transparency report for Usa Swimming Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.