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Financial Summary

Financials, Reports and Disclosure

  • As a mission-driven nonprofit that does not receive government funding, the U.S. Olympic & Paralympic Committee (USOPC) is committed to fiscal responsibility and financial transparency. Our primary purpose is to support athletes through direct funds or programs that support them both on and off the field of play.

    The Olympic and Paralympic Games year operating surplus allows the USOPC to run a deficit in non-Games years and provides a consistent level of support for athletes during each year of the four-year, quadrennial budget cycle. Under that cycle, both revenue and expenses, which have a direct impact on supporting Team USA athletes, generally increase in Games years versus non-Games years.

    The USOPC and U.S. Olympic & Paralympic Foundation consolidated financial statements and Form 990s show revenue of $256 million and expenses of $287 million, resulting in a loss of $31 million in 2023, consistent with non-Olympic and -Paralympic Games year performance.

  • Lili Mizuno of Team USA competes on Rhythmic Gymnastics - Individual Ribbon Final on Day 15 of Santiago 2023 Pan Am Games

Thanks to the support the USOPC receives from NBC, our corporate partners and individual donors, the USOPC invested $170 million in athlete excellence programs in 2023. Overall spend in this area was down from 2022 due to Games-specific support for the Beijing Games in 2022 versus Pan American and Parapan American Games in 2023. Athlete excellence, excluding Games-specific support, posted a 4% increase in support, primarily driven by an increase in grants to athletes and National Governing Bodies (NGBs), as well as continued investment in athlete well-being programs.

Athlete excellence programs accounted for almost 60% of all spending for the year. This included athlete stipends and funding for NGBs that support elite athlete training through the best coaches, sports science and medicine support, expenses related to the Beijing Olympic and Paralympic Games and training environments.

Sport advancement funding of $42 million represents an increase from 2022 due to an increased investment in the U.S. Anti-Doping Agency to help support a level competitive playing field, combined with increased investments in programs focused on athletes’ safety, opportunity and representation across the Olympic and Paralympic community.

Community growth funding of $32 million in 2023 represents our investment in engaging our partners to support athletes and the Olympic and Paralympic Movement.

Highlights include:

  • Distribution of high-performance grants of $100 million going directly to athletes and NGBs.

  • Of the high-performance grants, $17 million was distributed in the form of athlete stipends to 1,509 athletes.

  • The USOPC provided $17 million in medical benefits to 1,468 athletes through our Elite Athlete Health Insurance and National Medical Network partners.

  • The USOPC, along with NGBs, continue to support the U.S. Center for SafeSport providing a combined $20 million in funding in 2023.

  • The USOPF brought in nearly $60M in new fundraising activity in a record-breaking fundraising year.

Support and Revenue
(In Thousands)

The USOPC's total support and revenue of $255,688,000 for 2023 is broken down into the following: 70% sponsorship and licensing ($179,767,000), 19% contributions, net ($47,328,000), 9% investment income ($22,784,000), 1% other program revenue ($3,749,000), 1% other revenue ($1,940,000) and 0% broadcast revenue ($120,000).

Program Expenses
(In Thousands)

The USOPC's total program expenses of $243,914,000 for 2023 are broken out into the following categories: 70% toward athlete excellence ($169,823,000), 17% toward sport advancement ($41,919,000) and 13% toward community growth ($32,172,000). The USOPC's program expenses make up 85% of the USOPC's total expenses.

Program services as a % of total expenses: 85%

The USOPC's condensed & consolidated statement of financial activities are as follows: Support and revenue ($255,688,000) as detailed in the chart on this page; expenses ($243,914,000) as detailed in the chart on this page; and supporting services ($43,129,000) broken out into fundraising ($11,360,000); sales & marketing ($7,221,000) and general & administrative ($24,548,000). The USOPC's total expenses are $287,043,000 with the change in net assets totaling -$31,355,000. Net assets at the beginning of the period were $320,822,000, and $289,467,000 at the end of the period.
The USOPC's condensed & consolidated statement of financial activities are as follows: Support and revenue ($255,688,000) as detailed in the chart on this page; expenses ($243,914,000) as detailed in the chart on this page; and supporting services ($43,129,000) broken out into fundraising ($11,360,000); sales & marketing ($7,221,000) and general & administrative ($24,548,000). The USOPC's total expenses are $287,043,000 with the change in net assets totaling -$31,355,000. Net assets at the beginning of the period were $320,822,000, and $289,467,000 at the end of the period.
The USOPC's condensed & consolidated statement of financial activities are as follows: Support and revenue ($255,688,000) as detailed in the chart on this page; expenses ($243,914,000) as detailed in the chart on this page; and supporting services ($43,129,000) broken out into fundraising ($11,360,000); sales & marketing ($7,221,000) and general & administrative ($24,548,000). The USOPC's total expenses are $287,043,000 with the change in net assets totaling -$31,355,000. Net assets at the beginning of the period were $320,822,000, and $289,467,000 at the end of the period.


The USOPC's consolidated financial position is as follows: total assets ($631,535,000) broken out into cash and cash equivalents ($136,769,000); investments ($325,748,000); accounts receivable, net ($41,208,000); prepaid expenses and other assets ($59,243,000), net inventories ($1,425,000), land, buildings and equipment, net ($53,025,000) and other long-term assets ($14,117,000); liabilities ($342,068,000) broken down into accounts payable and accrued liabilities ($32,807,000), deferred revenue ($45,819,000), assets held in trust ($100,075,000), long-term notes payable ($158,174,000) and other long-term liabilities ($5,193,000); and total net assets ($289,467,000) broken into net assets without restriction ($232,380,000) and net assets with restriction ($57,087,000). Total liabilites and net assets are $631,535,000.
The USOPC's consolidated financial position is as follows: total assets ($631,535,000) broken out into cash and cash equivalents ($136,769,000); investments ($325,748,000); accounts receivable, net ($41,208,000); prepaid expenses and other assets ($59,243,000), net inventories ($1,425,000), land, buildings and equipment, net ($53,025,000) and other long-term assets ($14,117,000); liabilities ($342,068,000) broken down into accounts payable and accrued liabilities ($32,807,000), deferred revenue ($45,819,000), assets held in trust ($100,075,000), long-term notes payable ($158,174,000) and other long-term liabilities ($5,193,000); and total net assets ($289,467,000) broken into net assets without restriction ($232,380,000) and net assets with restriction ($57,087,000). Total liabilites and net assets are $631,535,000.
The USOPC's consolidated financial position is as follows: total assets ($631,535,000) broken out into cash and cash equivalents ($136,769,000); investments ($325,748,000); accounts receivable, net ($41,208,000); prepaid expenses and other assets ($59,243,000), net inventories ($1,425,000), land, buildings and equipment, net ($53,025,000) and other long-term assets ($14,117,000); liabilities ($342,068,000) broken down into accounts payable and accrued liabilities ($32,807,000), deferred revenue ($45,819,000), assets held in trust ($100,075,000), long-term notes payable ($158,174,000) and other long-term liabilities ($5,193,000); and total net assets ($289,467,000) broken into net assets without restriction ($232,380,000) and net assets with restriction ($57,087,000). Total liabilites and net assets are $631,535,000.

*Note: This information is derived from our audited financial statements. For a complete version of our audited financial statements, including the independent auditor’s opinion, please visit usopc.org/finance.