Utah Foster Care Foundation

Analysis

Utah Foster Care Foundation is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Utah Foster Care Foundation reported income of $5.4m and spending of $4.4m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $5.4m (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Utah Foster Care Foundation sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within UT. Charities of a similar size with the same main cause include Nevada Childrens Foundation Inc ($5.4m), Home of Grace Inc ($5.4m) and Eastern Congo Initiative ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $106k (2.4% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.8m against liabilities of $1.7m, net assets of $2.1m. It reported 48 employees.