Community Trust of Utah

Analysis

Community Trust of Utah is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in May 2018, 8 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, Community Trust of Utah reported income of $15.9m and spending of $15.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $30.0m to $15.9m (-47%), an average of -15% a year. The sharpest change came in the year to December 2020, when income rose by 469%. Over the whole period it spent 58% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Trust of Utah sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Harrison County Community Foundation Support Organ Inc ($15.9m), Person to Person Inc ($15.9m) and Rochester Area Foundation ($15.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $31.6m against liabilities of $591k, net assets of $31.0m.