Wasatch Family Foundation

Analysis

Wasatch Family Foundation is a registered charity in United States, based in Holladay, UT. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wasatch Family Foundation reported income of $512k and spending of $474k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $472k to $512k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wasatch Family Foundation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within UT. Charities of a similar size with the same main cause include Brooklyn Health Equity Foundation Inc ($512k), House of Help City of Hope ($513k) and Thomas D Linkmeyer Group Inc ($512k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 81% of the total. At year end it held assets of $94k against liabilities of $14k, net assets of $81k.