The Community Foundation of Utah

Analysis

The Community Foundation of Utah is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in March 2009, 17 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 December 2023, The Community Foundation of Utah reported income of $31.1m and spending of $29.8m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.4m to $31.1m (+132%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 217%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Community Foundation of Utah sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Community Foundation of North Central Washington ($31.0m), Jewish Federation of Cincinnati ($31.2m) and Enveritas Inc ($30.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $394k (1.3% of expenses). Other salaries and wages came to $495k. At year end it held assets of $188.5m against liabilities of $42.5m, net assets of $146.0m. It reported 13 employees.