Utah Athletic Foundation

Analysis

Utah Athletic Foundation is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 April 2023, Utah Athletic Foundation reported income of $52.5m and spending of $33.2m, leaving 37% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $21.2m to $52.5m (+147%), an average of +25% a year. The sharpest change came in the year to April 2022, when income rose by 132%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Utah Athletic Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include Bonnet Springs Park Inc ($52.4m), USA Hockey Inc ($54.0m) and Detroit Riverfront Conservancy Inc ($52.1m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 51% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $1.9m (5.7% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $153.2m against liabilities of $25.6m, net assets of $127.7m. It reported 964 employees.