New Car Dealers of Utah Goodwheels Charitable Foundation

Analysis

New Car Dealers of Utah Goodwheels Charitable Foundation is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in June 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, New Car Dealers of Utah Goodwheels Charitable Foundation reported income of $157k and spending of $50k, leaving 69% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $282k to $157k (-44%), an average of -14% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, New Car Dealers of Utah Goodwheels Charitable Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within UT. Charities of a similar size with the same main cause include Saint George Foundation ($157k), Wellspring Foundation ($157k) and Imperial County Sheriffs Activities League Inc ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% of the total. Compensation of current officers, directors and key employees was $6,152 (12% of expenses). Other salaries and wages came to $19k. At year end it held assets of $2.5m against liabilities of $32, net assets of $2.5m.