Utah Arts Alliance

Analysis

Utah Arts Alliance is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Arts Alliance reported income of $2.5m and spending of $2.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.5m (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Utah Arts Alliance 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 88th percentile, and in the 86th percentile within UT. Charities of a similar size with the same main cause include The Nasw Foundation Inc ($2.5m), Mica Group Inc ($2.5m) and Grand Rapids Public Museum Foundation ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $108k (4.6% of expenses). Other salaries and wages came to $797k. At year end it held assets of $3.8m against liabilities of $2.3m, net assets of $1.5m. It reported 94 employees.