Deseret Arts Foundation

Analysis

Deseret Arts Foundation is a registered charity in United States, based in N Salt Lake, UT. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Deseret Arts Foundation reported income of $50k and spending of $173k, spending 347% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $255k to $50k (-80%), an average of -56% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Deseret Arts Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 19th percentile, and in the 18th percentile within UT. Charities of a similar size with the same main cause include Smart-Yap Worldwide Corporation ($50k), San Juan Capistrano Performing Arts Center ($50k) and Music Appreciation Society ($50k).

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 $78k against liabilities of $10k, net assets of $67k.