Cit Utah Inc

Analysis

Cit Utah Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Cit Utah Inc reported income of $227k and spending of $227k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $210k to $227k (+8.2%), an average of +8.2% a year. Over the whole period it spent 101% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Cit Utah Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within UT. Charities of a similar size with the same main cause include Associated Industries of South Carolina Foundation Inc ($227k), Coleridge Volunteer Fire Department Inc ($227k) and Halifax Fire Department ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.7% of the total. Compensation of current officers, directors and key employees was $83k (37% of expenses). At year end it held assets of $73k against liabilities of $0, net assets of $73k. It reported 2 employees.