Timpanogos Arts Foundation

Analysis

Timpanogos Arts Foundation is a registered charity in United States, based in American Fork, UT. It received its IRS tax-exemption ruling in June 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Timpanogos Arts Foundation reported income of $1.1m and spending of $717k, leaving 32% of income unspent that year. Across the 4 years on record, from December 2019 to June 2024, income grew from $388k to $1.1m (+171%), an average of +40% a year. The sharpest change came in the year to June 2024, when income rose by 78%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Timpanogos Arts Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within UT. Charities of a similar size with the same main cause include McAuliffe-Shepard Discovery Center Corporation ($1.1m), Jackson School of the Arts Association ($1.1m) and Friends of the West Shore Theatre Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $135k (19% of expenses). At year end it held assets of $524k against liabilities of $57k, net assets of $467k. It reported 1 employees.