Salt Lake Arts Council Foundation

Analysis

Salt Lake Arts Council Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in September 1984, 42 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, Salt Lake Arts Council Foundation reported income of $2.7m and spending of $2.5m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.5m to $2.7m (+76%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Salt Lake Arts Council Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within UT. Charities of a similar size with the same main cause include Friendly House of Davenport Iowa ($2.7m), Saint Elizabeth Place Providence ($2.7m) and Brooks Rehabilitation Clinical Research Center Inc ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $114k (4.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $1.4m against liabilities of $559k, net assets of $854k. It reported 26 employees.