Utahs First Lady Foundation

Analysis

Utahs First Lady 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. Its declared purposes cover youth development, which this site groups under children and youth 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 December 2023, Utahs First Lady Foundation reported income of $1.4m and spending of $1.1m, spending 80% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $1.4m (+20%), an average of +9.7% a year. The sharpest change came in the year to December 2023, when income rose by 116%. Over the whole period it spent 66% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Utahs First Lady Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include Rid-All Foundation Inc ($1.4m), Boys & Girls Club of Plymouth Inc ($1.4m) and Boy Scouts of America ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.2m against liabilities of $113k, net assets of $1.1m.