Utah Tech University Foundation

Analysis

Utah Tech University Foundation is a registered charity in United States, based in Saint George, UT. It received its IRS tax-exemption ruling in November 1971, 55 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Utah Tech University Foundation reported income of $1.6m and spending of $2.0m, spending 122% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $940k to $1.6m (+75%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 107%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Utah Tech University Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within UT. Charities of a similar size with the same main cause include Parkview Prep Academy Inc ($1.6m), Westlake Chap Club Inc ($1.6m) and Beyond Conflict Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $19.1m against liabilities of $814k, net assets of $18.3m.