Utah Regional Housing Corporation

Analysis

Utah Regional Housing Corporation is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Utah Regional Housing Corporation reported income of $7.1m and spending of $3.1m, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $7.1m (+184%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 253%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Utah Regional Housing Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include Mutual Housing Association of South Central Connecticut Inc ($7.1m), Santa Clara Methodist Retirement Foundation Inc ($7.1m) and Goodwin House Home and Community Based Services ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 50% of the total. Other salaries and wages came to $190k. At year end it held assets of $25.0m against liabilities of $3.2m, net assets of $21.8m. It reported 8 employees.