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The American Olympic Association was formed in November 1921, the name was changed to the United States of America Sports Federation in 1940, and lastly to the United States Olympic Association in 1945. Olympic games are funded nationally, meaning each country must sponsor their athletes. The National Olympic Committees' funding comes from their government, corporate sponsorship and personal fundraising.
Funding the Olympic Movement | Learning to Give. (2021). Retrieved 17 January 2021, from https://www.learningtogive.org/resources/funding-olympic-movement
Team USA (n.d.) About the U.S. Olympic & Paralympic Committee. Retrieved from https://www.teamusa.org/about-the-usopc/history