Centro de LA Familia de Utah

Analysis

Centro de LA Familia de Utah is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in December 1975, 51 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 June 2023, Centro de LA Familia de Utah reported income of $24.9m and spending of $22.6m, spending 91% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $10.5m to $24.9m (+137%), an average of +33% a year. The sharpest change came in the year to June 2021, when income rose by 79%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Centro de LA Familia de Utah sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include Christian Community Development Corporation Inc ($24.8m), Christ in Youth Inc ($24.9m) and Curtis School Foundation ($24.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $137k (0.6% of expenses). Other salaries and wages came to $12.5m. At year end it held assets of $16.2m against liabilities of $7.2m, net assets of $8.9m. It reported 534 employees.