Salt Lake Tribune Inc

Analysis

Salt Lake Tribune Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 2019, 7 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, Salt Lake Tribune Inc reported income of $15.2m and spending of $15.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $302k to $15.2m (+4938%), an average of +166% a year. The sharpest change came in the year to December 2020, when income rose by 1841%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Salt Lake Tribune Inc sits at the 99th percentile: it is larger than about 98% 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 Friends of PBS Wisconsin Inc ($15.2m), Pacific Institute for Research and Evaluation ($15.2m) and Shakespeare Theatre ($15.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $833k (5.5% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $2.0m against liabilities of $3.3m, net assets of -$1.3m. It reported 114 employees.