Provo City School District Foundation

Analysis

Provo City School District Foundation is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in February 1993, 33 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, Provo City School District Foundation reported income of $321k and spending of $394k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $291k to $321k (+10%), an average of +2.5% a year. The sharpest change came in the year to June 2022, when income rose by 230%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Provo City School District Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 61st percentile within UT. Charities of a similar size with the same main cause include Froh Manor Apartments ($321k), Spojnia Home for the Aged & Disabled ($321k) and Catholic Retirement Facilities Inc ($321k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.1m against liabilities of $3,937, net assets of $1.1m.