Salt Lake Education Foundation

Analysis

Salt Lake Education Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in July 1990, 36 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, Salt Lake Education Foundation reported income of $2.7m and spending of $2.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.7m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Salt Lake 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 88th percentile, and in the 87th percentile within UT. Charities of a similar size with the same main cause include Princess Grace Foundation ($2.7m), League of California Community Foundations ($2.8m) and Joella and Stewart Morris Foundation ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% of the total. Other salaries and wages came to $114k. At year end it held assets of $4.5m against liabilities of $343k, net assets of $4.2m.