661 Foundation

Analysis

661 Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 2022, 4 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 (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, 661 Foundation reported income of $12.5m and spending of $12.5m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.7m to $12.5m (+633%), an average of +633% a year. The sharpest change came in the year to December 2023, when income rose by 633%. Over the whole period it spent 99% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, 661 Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within UT. Charities of a similar size with the same main cause include Los Angeles Organizing Committee for the Olympic and Paralympic Gam ($12.3m), USA Softball Inc ($12.5m) and Aloha Foundation Inc ($12.3m).

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 $130k against liabilities of $0, net assets of $130k.