Utah 1033 Foundation

Analysis

Utah 1033 Foundation is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 1033 Foundation reported income of $124k and spending of $108k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $179k to $124k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Utah 1033 Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 40th percentile within UT. Charities of a similar size with the same main cause include Casa of Scotts Bluff County ($124k), Fathers Making Progress Inc ($124k) and Luke 14 Ministries Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $82k (77% of expenses). At year end it held assets of $571k against liabilities of $4,999, net assets of $566k. It reported 1 employees.