Weber Cultural Legacy Foundation

Analysis

Weber Cultural Legacy Foundation is a registered charity in United States, based in Ogden, UT. It received its IRS tax-exemption ruling in June 2001, 25 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, Weber Cultural Legacy Foundation reported income of $1.3m and spending of $1.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.3m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Weber Cultural Legacy Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within UT. Charities of a similar size with the same main cause include Fullerton Rangers Soccer Club ($1.3m), Camp Edalia Inc ($1.3m) and Outdoor Recreation Alliance of the Seven Rivers Region Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $92k (7.4% of expenses). Other salaries and wages came to $255k. At year end it held assets of $2.0m against liabilities of $465k, net assets of $1.5m. It reported 9 employees.