Columbus Foundation Inc

Analysis

Columbus Foundation Inc is a registered charity in United States, based in S Salt Lake, UT. It received its IRS tax-exemption ruling in May 1968, 58 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Columbus Foundation Inc reported income of $9.7m and spending of $7.8m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $9.8m to $9.7m (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 80% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Columbus Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within UT. Charities of a similar size with the same main cause include Boyer Childrens Clinic ($9.7m), Masada Home Care Inc ($9.7m) and Hawaii Public Health Institute ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $140k (1.8% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $29.1m against liabilities of $10.5m, net assets of $18.7m. It reported 232 employees.