Salt Lake Sonics

Analysis

Salt Lake Sonics is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in November 2016, 10 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 December 2023, Salt Lake Sonics reported income of $196k and spending of $206k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $196k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Salt Lake Sonics sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within UT. Charities of a similar size with the same main cause include Onecommunity Inc ($196k), Nebraska 4-H Foundation ($196k) and Well Ministries ($196k).

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.