Carden Memorial Foundation

Analysis

Carden Memorial Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carden Memorial Foundation reported income of $4.0m and spending of $3.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $4.0m (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Carden Memorial Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within UT. Charities of a similar size with the same main cause include Broadwater Academy ($4.0m), Regeneration Avondale ($4.0m) and Summit Charter School Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $167k (5.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $4.9m against liabilities of $1.9m, net assets of $3.1m. It reported 63 employees.