Utah Association of Financial Services Foundation

Analysis

Utah Association of Financial Services Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 2009, 17 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, Utah Association of Financial Services Foundation reported income of $122k and spending of $106k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $122k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Utah Association of Financial Services Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within UT. Charities of a similar size with the same main cause include Berkeley College Foundation Inc ($122k), Sandy Peltyn Foundation for Excellence ($122k) and Lunch WTH Lynch Foundation ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $0, net assets of $21k.