Salt Lake Chamber Womens Business Center

Analysis

Salt Lake Chamber Womens Business Center is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Salt Lake Chamber Womens Business Center reported income of $844k and spending of $740k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $583k to $844k (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2020, when income rose by 63%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salt Lake Chamber Womens Business Center 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 77th percentile, and in the 76th percentile within UT. Charities of a similar size with the same main cause include Emerging Technology Centers Inc ($843k), Local Union 313 Ibew Electrical Joint Apprenticeship ($844k) and Womens Business Development Center Inc ($843k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $112k (15% of expenses). Other salaries and wages came to $385k. At year end it held assets of $239k against liabilities of $124k, net assets of $115k. It reported 11 employees.