Higher Education Foundation

Analysis

Higher Education Foundation 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 human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Higher Education Foundation reported income of $139k and spending of $17k, leaving 87% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $226k to $139k (-39%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 39%. Over the whole period it spent 33% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Higher Education Foundation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within UT. Charities of a similar size with the same main cause include Interfaith Volunteer Caregivers of Burnett County Inc ($139k), Akola Academy Inc ($139k) and Andys Summer Playhouse Inc ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.