Ensign Peak Foundation

Analysis

Ensign Peak Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in November 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 December 2023, Ensign Peak Foundation reported income of $627k and spending of $356k, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $263k to $627k (+139%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 840%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ensign Peak Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within UT. Charities of a similar size with the same main cause include Foundation for the Church of the Palms Presbyterian USA Inc ($627k), St Paul Day Care ($627k) and Old Dominion Aquatic Club Incorporated ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $154k (43% of expenses). At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.