Huntsman Mental Health Foundation

Analysis

Huntsman Mental Health Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in August 2021, 5 years ago. 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, Huntsman Mental Health Foundation reported income of $34.3m and spending of $12.8m, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $5.0m to $34.3m (+582%), an average of +161% a year. The sharpest change came in the year to December 2023, when income rose by 557%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Huntsman Mental Health Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within UT. Charities of a similar size with the same main cause include John E Andrus Memorial Inc ($34.3m), Paideia School Incorporated ($34.3m) and Shelter the Homeless Committee Inc ($34.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $1.6m (12% of expenses). Other salaries and wages came to $773k. At year end it held assets of $30.8m against liabilities of $313k, net assets of $30.5m.