Wasatch Community Foundation

Analysis

Wasatch Community Foundation is a registered charity in United States, based in Heber City, UT. It received its IRS tax-exemption ruling in December 2001, 25 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 December 2023, Wasatch Community Foundation reported income of $170k and spending of $186k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to December 2023, income fell from $431k to $170k (-60%), an average of -21% a year. The sharpest change came in the year to December 2022, when income rose by 96%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Wasatch Community Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within UT. Charities of a similar size with the same main cause include Global Payments Care Foundation Inc ($170k), Keser Dovid Inc ($171k) and Grand Prairie Gardens Inc ($170k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $327k against liabilities of $1,537, net assets of $325k.