Utah Sports Hall of Fame Foundation

Analysis

Utah Sports Hall of Fame Foundation is a registered charity in United States, based in N Salt Lake, UT. It received its IRS tax-exemption ruling in April 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Utah Sports Hall of Fame Foundation reported income of $68k and spending of $234k, spending 345% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income fell from $1.1m to $68k (-94%), an average of -50% a year. The sharpest change came in the year to December 2021, when income rose by 126%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Utah Sports Hall of Fame Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within UT. Charities of a similar size with the same main cause include Ahlul-Quran Academy Inc ($68k), Louisiana 4-H Foundation ($68k) and Victorious Attitudes for Everyday Life Inc ($68k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $19k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 20 employees.