Childrens Center the Childrens Center Utah

Analysis

Childrens Center the Childrens Center Utah is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 1964, 62 years ago. 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 June 2023, Childrens Center the Childrens Center Utah reported income of $19.6m and spending of $10.4m, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $19.6m (+317%), an average of +43% a year. The sharpest change came in the year to June 2023, when income rose by 171%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Childrens Center the Childrens Center Utah sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within UT. Charities of a similar size with the same main cause include New Heritage Towers ($19.6m), Foundation for Hispanic Education ($19.6m) and Nobel Foundation ($19.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $364k (3.5% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $22.7m against liabilities of $1.3m, net assets of $21.4m. It reported 135 employees.