Utah Nonprofit Housing Corporation

Analysis

Utah Nonprofit Housing Corporation is a registered charity in United States, based in Salt Lake City, UT. It received its IRS tax-exemption ruling in July 1976, 50 years ago. 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, Utah Nonprofit Housing Corporation reported income of $19.7m and spending of $11.4m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.5m to $19.7m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 35% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Utah Nonprofit Housing Corporation 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 Great Plains Health Alliance Inc ($19.7m), PSC Community Services Inc ($19.7m) and The Computing Research Association Inc ($19.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $503k (4.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $103.9m against liabilities of $16.2m, net assets of $87.7m. It reported 119 employees.