Utah Prospects

Analysis

Utah Prospects is a registered charity in United States, based in Draper, UT. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Utah Prospects reported income of $150k and spending of $216k, spending 145% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $318k to $150k (-53%), an average of -31% a year. The sharpest change came in the year to December 2022, when income dropped by 48%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Utah Prospects sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within UT. Charities of a similar size with the same main cause include South Walton Touchdown Club Inc ($149k), Arizona Coalition for Victim Services ($150k) and Freedom Place of the Upper Cumberland Inc ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.