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2024 Impact Report:
  • Homepage
  • Year In Review
  • Athlete Excellence
  • Sport Advancement
  • Community Growth
  • Organizational Health

Financial Summary

Financials, Reports and Disclosure

  • As a mission-driven nonprofit that does not receive government funding, the 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. 

    In 2024, the USOPC and U.S. Olympic & Paralympic Foundation (USOPF) consolidated financial statements and Form 990s show revenue of $497 million and expenses of $385 million, resulting in a surplus of $112 million for the year, consistent with a Summer Games year. 

  • Alex Bowen of Team USA reacts after victory whilst draped in a U.S. flag in the Bronze Medal match between Team USA and Team Hungary.

    USOPC and USOPF consolidated financial statements

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  • Silver medalists Micha Hancock, Jordyn Poulter and Avery Skinner of Team USA celebrate on the podium during the Volleyball medal ceremony following the Women's Gold Medal match.

    USOPC Form 990

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  • Jonathan Healy of Team USA and Zhaoxiang Song of Team People's Republic of China compete during the Men's Round of 16 match.

    USOPF Form 990

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  • Matt Stutzman of Team USA celebrates winning the gold medal after the Men's Individual Compound Open Gold Medal Match.

    Sport Benefits Statements

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Thanks to the support the USOPC receives from NBC, our corporate partners and individual donors, the USOPC invested $234 million in athlete excellence programs in 2024. Overall spend in this area is up from 2023 due to Games-specific support for the Paris 2024 Olympic and Paralympic Games versus the 2023 Pan American and Parapan American Games. Athlete excellence, excluding Games-specific support, posted a 16% increase, 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 61% of all spending for the year. This included athlete stipends and funding for NGBs and Paralympic Sport Organizations that support elite athlete training through the best coaches, sports science and medicine support, expenses related to the Paris 2024 Olympic and Paralympic Games and training environments.

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  • Sport advancement

    funding of $50 million represents an increase from 2023 due to increased investments in programs focused on athletes’ safety, opportunity and representation across the Olympic and Paralympic community.

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  • Community growth

    funding of $51 million, represents the USOPC’s investment in engaging its partners to support athletes and the Olympic and Paralympic Movement.  

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Highlights include:#

    • The USOPC distributed $139 million in grants, which go directly to athletes and NGBs

    • $17 million of these grants were given in the form of athlete stipends to 1,436 athletes

    • The USOPC provided $17 million in medical benefits to 1,429 athletes through its Elite Athlete Health Insurance and National Medical Network partners

    • The USOPC and NGBs continued to support the U.S. Center for SafeSport, providing a combined $20 million in funding in 2024

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Support and Revenue
(In Thousands)

The USOPC's total support and revenue of $496,964,000 for 2024 is broken down into the following: 38% sponsorship and licensing ($188,834,000), 43% broadcast revenue ($213,641,000), 13% contributions, net ($65,115,000), 4% investment income ($20,092,000), 1% other program revenue ($6,746,000), 1% other revenue ($2,536,000).

Program Expenses
(In Thousands)

The USOPC's total program expenses of $334,212,000 for 2024 are broken out into the following categories: 70% of total program expenses toward athlete excellence ($233,937,000), 15% toward sport advancement ($49,657,000) and 15% toward community growth ($50,708,000). The USOPC's program expenses make up 86.8% of the USOPC's total expenses.

*Percentage of program services; program expenses 86% of total expenses


The USOPC's condensed & consolidated statement of financial activities are as follows: Support and revenue ($496,964,000) as detailed in the Support & Revenue chart on this page; expenses ($334,212,000) as detailed in the chart on this page; and supporting services ($50,800,000) broken out into fundraising ($15,743,000); sales & marketing ($7,816,000) and general & administrative ($27,241,000). The USOPC's total expenses are $385,012,000 with the change in net assets totaling $111,952,000. Net assets at the beginning of the period were $289,467,000, and $401,419,000 at the end of the period.

The USOPC's condensed & consolidated statement of financial activities are as follows: Support and revenue ($496,964,000) as detailed in the Support & Revenue chart on this page; expenses ($334,212,000) as detailed in the chart on this page; and supporting services ($50,800,000) broken out into fundraising ($15,743,000); sales & marketing ($7,816,000) and general & administrative ($27,241,000). The USOPC's total expenses are $385,012,000 with the change in net assets totaling $111,952,000. Net assets at the beginning of the period were $289,467,000, and $401,419,000 at the end of the period.

The USOPC's condensed & consolidated statement of financial activities are as follows: Support and revenue ($496,964,000) as detailed in the Support & Revenue chart on this page; expenses ($334,212,000) as detailed in the chart on this page; and supporting services ($50,800,000) broken out into fundraising ($15,743,000); sales & marketing ($7,816,000) and general & administrative ($27,241,000). The USOPC's total expenses are $385,012,000 with the change in net assets totaling $111,952,000. Net assets at the beginning of the period were $289,467,000, and $401,419,000 at the end of the period.

The USOPC's consolidated financial position is as follows: total assets ($665,805,000) broken out into cash and cash equivalents ($214,581,000); investments ($326,688,000); accounts receivable, net ($40,012,000), prepaid expenses and other assets ($12,375,000), net inventories ($2,453,000), land, buildings and equipment, net ($47,783,000) and other long-term assets ($11,958,000); liabilities ($254,386,000) broken down into accounts payable and accrued liabilities ($54,591,000), deferred revenue ($19,133,000), assets held in trust ($23,498,000), long-term notes payable ($151,948,000) and other long-term liabilities ($5,216,000); and total net assets ($401,419,000) broken into net assets without restriction ($347,813,000) and net assets with restriction ($53,606,000). Accounts receivable, net is broken out into pledges ($11,847,000), royalties and marks rights ($1,629,000) and other ($26,5636,000). Total liabilites and net assets are $655,805,000.

The USOPC's consolidated financial position is as follows: total assets ($665,805,000) broken out into cash and cash equivalents ($214,581,000); investments ($326,688,000); accounts receivable, net ($40,012,000), prepaid expenses and other assets ($12,375,000), net inventories ($2,453,000), land, buildings and equipment, net ($47,783,000) and other long-term assets ($11,958,000); liabilities ($254,386,000) broken down into accounts payable and accrued liabilities ($54,591,000), deferred revenue ($19,133,000), assets held in trust ($23,498,000), long-term notes payable ($151,948,000) and other long-term liabilities ($5,216,000); and total net assets ($401,419,000) broken into net assets without restriction ($347,813,000) and net assets with restriction ($53,606,000). Accounts receivable, net is broken out into pledges ($11,847,000), royalties and marks rights ($1,629,000) and other ($26,5636,000). Total liabilites and net assets are $655,805,000.
The USOPC's consolidated financial position is as follows: total assets ($665,805,000) broken out into cash and cash equivalents ($214,581,000); investments ($326,688,000); accounts receivable, net ($40,012,000), prepaid expenses and other assets ($12,375,000), net inventories ($2,453,000), land, buildings and equipment, net ($47,783,000) and other long-term assets ($11,958,000); liabilities ($254,386,000) broken down into accounts payable and accrued liabilities ($54,591,000), deferred revenue ($19,133,000), assets held in trust ($23,498,000), long-term notes payable ($151,948,000) and other long-term liabilities ($5,216,000); and total net assets ($401,419,000) broken into net assets without restriction ($347,813,000) and net assets with restriction ($53,606,000). Accounts receivable, net is broken out into pledges ($11,847,000), royalties and marks rights ($1,629,000) and other ($26,5636,000). Total liabilites and net assets are $655,805,000.

*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.

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