Friends of Wasatch Mental Health Foundation

Analysis

Friends of Wasatch Mental Health Foundation is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Friends of Wasatch Mental Health Foundation reported income of $201k and spending of $154k, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $141k to $201k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2022, when income rose by 188%. Over the whole period it spent 44% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Wasatch Mental Health Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within UT. Charities of a similar size with the same main cause include National Basketball Trainers Association Foundation Inc ($201k), Blue Ridge Emergency Medical Services Council Inc ($201k) and Radiant Hope ($201k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.6% of the total. At year end it held assets of $729k against liabilities of $0, net assets of $729k.