Park City-Summit County Arts Council

Analysis

Park City-Summit County Arts Council is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in June 1987, 39 years ago. 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, Park City-Summit County Arts Council reported income of $537k and spending of $556k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $537k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2020, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park City-Summit County Arts Council sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within UT. Charities of a similar size with the same main cause include Maria House Project ($537k), Camp Tyler Foundation ($537k) and Washington State Jewish Historical Society ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $106k (19% of expenses). Other salaries and wages came to $140k. At year end it held assets of $402k against liabilities of $259k, net assets of $143k. It reported 11 employees.