Utah Development Academy

Analysis

Utah Development Academy is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2022, Utah Development Academy reported income of $270k and spending of $308k, spending 114% of what it took in. Across the 4 years on record, from May 2019 to May 2022, income fell from $303k to $270k (-11%), an average of -3.9% a year. Over the whole period it spent 99% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Utah Development Academy sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within UT. Charities of a similar size with the same main cause include Chesapeake 4-H Livestock Inc ($269k), Lanai Youth Center Inc ($270k) and Bloom Project ($269k).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 29% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $30k (9.7% of expenses). Other salaries and wages came to $109k. It paid $3,588 in professional fundraising fees. At year end it held assets of $83k against liabilities of $59k, net assets of $24k. It reported 25 employees.