Salt Lake City - Utah Committee for the Games Inc

Analysis

Salt Lake City - Utah Committee for the Games Inc is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Salt Lake City - Utah Committee for the Games Inc reported income of $500k and spending of $913k, spending 183% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.0m to $500k (-50%), an average of -30% a year. The sharpest change came in the year to December 2023, when income rose by 100%. Over the whole period it spent 126% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Salt Lake City - Utah Committee for the Games Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within UT. Charities of a similar size with the same main cause include East County Hot Shots ($500k), Utah Valley Aquatics Inc ($500k) and Prior Lake Hockey ($500k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $187k against liabilities of $652k, net assets of -$464k.