Utah Restaurant Association Foundation

Analysis

Utah Restaurant Association Foundation is a registered charity in United States, based in Midvale, UT. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 May 2024, Utah Restaurant Association Foundation reported income of $550k and spending of $475k, spending 86% of its income. Across the 6 years on record, from May 2019 to May 2024, income grew from $389k to $550k (+41%), an average of +7.2% a year. The sharpest change came in the year to May 2022, when income rose by 86%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Utah Restaurant Association Foundation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within UT. Charities of a similar size with the same main cause include Greater JFK District Management Association Inc ($550k), Revolution5 ($550k) and Vickery Trading Company Inc ($549k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Other salaries and wages came to $85k. At year end it held assets of $182k against liabilities of $224k, net assets of -$42k.