University Hospital Foundation

Analysis

University Hospital Foundation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in July 1990, 36 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, University Hospital Foundation reported income of $651k and spending of $938k, spending 144% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.4m to $651k (-53%), an average of -17% a year. The sharpest change came in the year to June 2020, when income dropped by 37%. Over the whole period it spent 57% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, University Hospital Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within UT. Charities of a similar size with the same main cause include Berkeley Electric Trust ($650k), Ipa Foundation ($651k) and Montgomery County Parks Foundation Inc ($650k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $10.8m against liabilities of $0, net assets of $10.8m.