Central Utah Enterprises

Analysis

Central Utah Enterprises is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in May 2016, 10 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Central Utah Enterprises reported income of $1.3m and spending of $1.5m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.3m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2020, when income dropped by 32%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Utah Enterprises sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within UT. Charities of a similar size with the same main cause include American Snowsports Education Assoc Inc - Education Foundation ($1.3m), Handlers of Tucson Inc ($1.3m) and Praise Network Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $313k (21% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.2m against liabilities of $6,250, net assets of $1.2m.