Downtown SLC Presents

Analysis

Downtown SLC Presents is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Downtown SLC Presents reported income of $664k and spending of $536k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.3m to $664k (-50%), an average of -16% a year. The sharpest change came in the year to June 2021, when income dropped by 49%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Downtown SLC Presents sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include Cyt Sacramento Inc ($663k), Mountain View Community Television ($664k) and The Argenta Arts Foundation Inc ($663k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (15% of expenses). Other salaries and wages came to $102k. At year end it held assets of $270k against liabilities of $44k, net assets of $226k. It reported 2 employees.