Park City Community Foundation

Analysis

Park City Community Foundation is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in October 2003, 23 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, Park City Community Foundation reported income of $9.4m and spending of $6.9m, leaving 27% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.6m to $9.4m (+9.2%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income dropped by 40%. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Park City Community Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include Rei Cooperative Action Fund ($9.4m), Old Pueblo Community Services ($9.4m) and Childrens Healthcare Charity Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $239k (3.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $28.3m against liabilities of $497k, net assets of $27.8m. It reported 21 employees.