Provo Foundation

Analysis

Provo Foundation is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in July 1989, 37 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 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 June 2023, Provo Foundation reported income of $245k and spending of $134k, leaving 45% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $156k to $245k (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 157%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Provo Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within UT. Charities of a similar size with the same main cause include Bourbon Charity ($245k), Slifer Smith & Frampton Foundation ($245k) and Inside Out Club ($245k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $3.4m against liabilities of $23k, net assets of $3.3m.