Salt Lake City Rotary Foundation

Analysis

Salt Lake City Rotary Foundation is a registered charity in United States, based in Kaysville, UT. It received its IRS tax-exemption ruling in June 1978, 48 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Salt Lake City Rotary Foundation reported income of $1.4m and spending of $276k, leaving 80% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $263k to $1.4m (+427%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 314%. Over the whole period it spent 32% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Salt Lake City Rotary Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within UT. Charities of a similar size with the same main cause include The Chamber Foundation Inc ($1.4m), Children of Inmates Inc ($1.4m) and Downtown Bellingham Association ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 92% and program service revenue 2.9% of the total. At year end it held assets of $3.8m against liabilities of $31k, net assets of $3.8m.