Salt Lake County Nmtc-Inc

Analysis

Salt Lake County Nmtc-Inc is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Salt Lake County Nmtc-Inc reported income of $1.2m and spending of $1.7m, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $689k to $1.2m (+75%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 300%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Salt Lake County Nmtc-Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within UT. Charities of a similar size with the same main cause include Comea Inc ($1.2m), Tanner Gardens ($1.2m) and Western New York Veterans Housing Coalition Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $28.5m against liabilities of $26.6m, net assets of $1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.