Utah Tibetan Association

Analysis

Utah Tibetan Association is a registered charity in United States, based in S Salt Lake, UT. It received its IRS tax-exemption ruling in March 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Utah Tibetan Association reported income of $66k and spending of $81k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $65k to $66k (+1.4%), an average of +0.3% a year. The sharpest change came in the year to December 2021, when income rose by 316%. Over the whole period it spent 121% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Utah Tibetan Association sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within UT. Charities of a similar size with the same main cause include Beacon Center for Equity and Hope Inc ($66k), Macoupin County Agriculture Education Foundation ($66k) and Theodore a Opdenaker Foundation ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 19% of the total. At year end it held assets of $1.1m against liabilities of $958, net assets of $1.1m.