This Is the Place Foundation

Analysis

This Is the Place Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in January 1998, 28 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 December 2023, This Is the Place Foundation reported income of $7.2m and spending of $8.4m, spending 117% of what it took in. Across the 5 years on record, from March 2019 to December 2023, income fell from $8.2m to $7.2m (-12%), an average of -3.1% a year. The sharpest change came in the year to March 2020, when income rose by 116%. Over the whole period it spent 88% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, This Is the Place Foundation 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 94th percentile, and in the 94th percentile within UT. Charities of a similar size with the same main cause include The Walden Woods Project ($7.2m), Rhode Island Philharmonic Orchestra & Music School ($7.2m) and Carolina Art Association ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 29% of the total. At year end it held assets of $18.6m against liabilities of $1.6m, net assets of $17.0m. It reported 245 employees.