Utah State Fair Corporation

Analysis

Utah State Fair Corporation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Utah State Fair Corporation reported income of $9.8m and spending of $7.8m, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.5m to $9.8m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 173%. Over the whole period it spent 74% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Utah State Fair Corporation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include Ed Snider Youth Hockey Supporting Organization Inc ($9.6m), Greater Washington Partnership ($9.8m) and The Sun Bowl Association ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $524k (6.7% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $14.7m against liabilities of $917k, net assets of $13.8m. It reported 312 employees.