{"id":442742,"date":"2020-08-03T20:50:48","date_gmt":"2020-08-04T03:50:48","guid":{"rendered":"https:\/\/www.swimmingworldmagazine.com\/news\/?p=442742"},"modified":"2020-08-03T20:50:48","modified_gmt":"2020-08-04T03:50:48","slug":"usopc-2019-impact-report-shows-revenue-shortfalls-program-funding-increase","status":"publish","type":"post","link":"https:\/\/www.swimmingworldmagazine.com\/news\/usopc-2019-impact-report-shows-revenue-shortfalls-program-funding-increase\/","title":{"rendered":"USOPC 2019 Impact Report Shows Revenue Shortfalls, Program Funding Increase"},"content":{"rendered":"

The United States Olympic and Paralympic Committee (USOPC) Monday released its 2019 Impact Report<\/a>, formerly its annual report, detailing the organization\u2019s financials.<\/p>\n

The report was accompanied by a letter from USOPC CEO<\/a> Sarah Hirshland<\/strong> and a sport-specific breakdown of expenditures, the Sport Benefit Statements<\/a>.<\/p>\n

Overall, USOPC 2019 Impact report showed revenue of the USOPC and U.S. Olympic and Paralympic Foundation was approximately $194 million, a decrease from $317 million from in 2018. That change is attributable largely to, the letter says, how TV and sponsorship revenues vary in non-Olympic years. The broadcast contract with NBC is a big driver.<\/p>\n

Without an Olympics in 2019 to contest, the combined expenses dropped from $275 million in 2018 to $248 million. Of that expenditure, $111 million represents the investment in high performance programs. \u201cAthlete and national governing bodies foundational programing\u201d funding rose 28 percent from the previous year to more than $30 million.<\/p>\n

The Sport Benefit Statements break down funding for each sport, which the USOPC is releasing as a nod toward increased transparency. Amounts reported on the USOPC Form 990s<\/a> for aquatic sports are:<\/p>\n