Friends of Herriman Parks Trails Arts and Culture

Analysis

Friends of Herriman Parks Trails Arts and Culture is a registered charity in United States, based in Herriman, UT. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Friends of Herriman Parks Trails Arts and Culture reported income of $200k and spending of $146k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $61k to $200k (+225%), an average of +225% a year. The sharpest change came in the year to December 2023, when income rose by 225%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Friends of Herriman Parks Trails Arts and Culture sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within UT. Charities of a similar size with the same main cause include Nerdit Foundation ($200k), Benincasa Community Inc ($200k) and Friends of El Centro Community Services Foundation ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 34% of the total. At year end it held assets of $149k against liabilities of $1,025, net assets of $148k.