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≡ USA SWIMMING FINANCIALS ≡
In a little more than a year, USA Swimming hosted a groundbreaking Olympic Trials in an NFL stadium, won 28 medals at the 2024 Olympic Games in Paris, saw its long-time chief executive and a possible new chief executive both leave, as well as its chief operating officer.
Through all of this, it has confirmed its place as one of the most successful and financially stable U.S. National Governing Bodies.
The USA Swimming 2024 financial statements have been released, with a short summary attached to the formal, audited statements, showing a federation with impressive resources for a sport which has no professional circuit or league and whose television presence is limited to its own USA Swimming Network and NBC’s Peacock streaming service:
● $51.06 million in revenue
● $46.23 million in expenses
● $4.82 million surplus for the year
● $74.60 million total assets
● $50.50 million net assets/reserves
The driving force behind the financials is membership, with $24.31 million in member dues, up from $23.40 million in 2023. The federation reported 376,479 individual members and 2,798 club members in 2024.
Next was “sports and events” which rose from a modest $630,197 (net) in 2023 to a net of $6.58 million in 2024, thanks to a $5.152 million surplus from the record-setting U.S. Olympic Trials in Indianapolis in June.
USA Swimming paid $4.21 million in direct athlete support in 2024 ($2.23 million from the U.S. Olympic & Paralympic Committee) and another $4.23 million in national team and sport development travel expenses.
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So, how does USA Swimming match up with the other U.S. National Governing Bodies?
Research by The Sports Examiner shows that, according to the latest available financial statements for 2024 or 2023, USA Swimming ranks no. 4 in revenue, and no. 6 in net assets.
The following list – based on publicly-available information – shows the 23 U.S. Olympic-sport NGBs with revenues of $10 million or more from their latest audited financials (2023 or 2024 as noted):
● $623.21 million: U.S. Tennis 2024 ($733.98 million net assets)
● $192.19 million: U.S. Soccer 2024 ($77.98 million net assets)
● $67.79 million: USA Hockey 2024 ($58.38 million net assets)
● $51.06 million: USA Swimming 2024 ($50.50 million net assets)
● $50.43 million: U.S. Ski & Snowboard 2024 ($83.98 million net assets)
● $49.43 million: USA Volleyball 2024 ($41.39 million net assets)
● $36.73 million: U.S. Equestrian Foundation 2023 ($21.31 million net assets)
● $36.71 million: USA Track & Field 2023 (–$4.93 million net assets)
● $30.90 million: U.S. Figure Skating 2024 ($109.50 million net assets)
● $27.75 million: USA Gymnastics 2023 (–$2.25 million net assets)
● $23.58 million: USA Baseball 2023 ($8.59 million net assets)
● $22.36 million: USA Lacrosse 2023 ($25.02 million net assets)
● $21.95 million: USA Basketball 2023 ($39.17 million net assets)
● $21.43 million: USA Climbing 2023 ($14.19 million net assets)
● $20.80 million: USA Triathlon 2023 ($10.01 million net assets)
● $19.93 million: USA Wrestling 2023 ($15.25 million net assets)
● $17.92 million: USA Water Polo 2023 ($5.54 million net assets)
● $17.30 million: USA Fencing 2024 ($4.31 million net assets)
● $16.75 million: USA Rowing 2023 ($3.73 million net assets)
● $15.95 million: USA Rugby 2023 ($1.04 million net assets)
● $13.79 million: USA Sailing 2023 ($9.17 million net assets)
● $13.35 million: USA Softball 2023 ($7.77 million net assets)
● $11.79 million: USA Cycling 2023 ($10.56 million net assets)
The U.S. Tennis Association is the organizer of the annual U.S. Open championships in New York, which generate more than $500 million in annual revenue. Soccer is also highly professionalized, for both the men’s and women’s national teams; those are the two NGBs with more than $100 million in annual revenue.
Of the top 23, 20 are summer Olympic sports and three are Olympic Winter sports, with swimming no. 3 in revenue and assets among all of the summer-sport governing bodies. Impressive.
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