By Braden Keith on SwimSwam The USA Swimming Foundation has released its 2022 financial reports, and the philanthropic arm of USA Swimming has dramatically-improved its efficiency in the new year. In 2021, the program spent over $1.27 million in management and fundraising costs to administer $2.35 million in program funding. That amounts to a 35% overhead ratio. In 2022, both metrics improved. The organization spent less on overhead ($1 million) and more on programming ($4 million) for a ratio of 25%. That ratio (24.9% to be exact) is significant – CharityWatch considers charities to be “highly efficient,” it’s best rating, when they spend 25% or less of their money on overhead and reserve 7
Hence then, the article about program spending way up but fundraising way down for usa swimming foundation was published today ( ) and is available onswimswam ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Program Spending Way Up, But Fundraising Way Down for USA Swimming Foundation )