Park City Education Foundation

Analysis

Park City Education Foundation is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Park City Education Foundation reported income of $4.8m and spending of $2.8m, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $4.8m (+150%), an average of +26% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Park City Education Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within UT. Charities of a similar size with the same main cause include Indiana County Head Start Inc County ($4.8m), Championship Academy of Distinction at Davie Inc ($4.8m) and Breakwater Learning ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% of the total. Compensation of current officers, directors and key employees was $151k (5.3% of expenses). Other salaries and wages came to $530k. At year end it held assets of $8.2m against liabilities of $2.2m, net assets of $6.0m.