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How does the Olympic Committee pay for athletes?
Instead, the U.S. Olympic Committee relies on private funding. The Team USA Fund helps underwrite expenses for Olympic athletes, coaches, and more. Many Olympians are young, and a lot of their expenses are covered by their parents.
Is the US Olympic Committee a tax-exempt organization?
The law provides a specific tax exemption for organizations that “foster national or international amateur sports competition,” according to the IRS. But much of the competition the USOC fosters is not amateur at all.
How many athletes are protected by the Olympic Committee?
There are very few protections within the United States Olympic Committee and its National Governing Bodies, which oversee the 8 million athletes who compete at the Olympic and Club Level.