Salt Lake Chamber Foundation

Analysis

Salt Lake Chamber Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Salt Lake Chamber Foundation reported income of $191k and spending of $61k, leaving 68% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $140k to $191k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2020, when income rose by 452%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salt Lake Chamber Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within UT. Charities of a similar size with the same main cause include Start Up Kids Club ($191k), Lynn Main Streets Inc ($191k) and 1 Church 1 Soul Ministry ($191k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $671k against liabilities of $1, net assets of $671k.