Utah Foundation

Analysis

Utah Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in November 1946, 80 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Utah Foundation reported income of $496k and spending of $511k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $618k to $496k (-20%), an average of -5.4% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Utah Foundation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within UT. Charities of a similar size with the same main cause include Anvil Housing Corporation ($496k), East Bay Depot of Bay Area Creative Re-Use Inc ($496k) and Iberia Council on Aging Inc ($496k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $147k (29% of expenses). Other salaries and wages came to $218k. At year end it held assets of $569k against liabilities of $50k, net assets of $518k. It reported 4 employees.