Wasatch Recovery Foundation

Analysis

Wasatch Recovery Foundation is a registered charity in United States, based in Cottonwd HTS, UT. It received its IRS tax-exemption ruling in February 2015, 11 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, Wasatch Recovery Foundation reported income of $276k and spending of $166k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $276k (+301%), an average of +300% a year. The sharpest change came in the year to December 2023, when income rose by 301%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wasatch Recovery Foundation sits at the 54th percentile: it is larger than about 54% 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 Heartsong Inc ($276k), Spreading Threads Clothing Bank ($276k) and Topeka Lulac Multipurpose Senior Center Inc ($275k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $0, net assets of $147k.