Utah Scholarship Foundation

Analysis

Utah Scholarship Foundation is a registered charity in United States, based in Spanish Fork, UT. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Utah Scholarship Foundation reported income of $360k and spending of $300k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $318k to $360k (+13%), an average of +3.1% a year. The sharpest change came in the year to September 2022, when income rose by 167%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah Scholarship Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within UT. Charities of a similar size with the same main cause include BMS Building Corporation ($360k), Addison Township Public Library ($360k) and Christian Core Academy Fort Collins ($360k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.4% and program service revenue 98% of the total. At year end it held assets of $132k against liabilities of $0, net assets of $132k.