Friends of Alta Inc

Analysis

Friends of Alta Inc is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in June 1983, 43 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 June 2023, Friends of Alta Inc reported income of $271k and spending of $213k, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $283k to $271k (-4.1%), an average of -1.0% a year. The sharpest change came in the year to June 2022, when income rose by 34%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Alta Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within UT. Charities of a similar size with the same main cause include Camp Maranatha Inc ($271k), Father Nadolny Good News Fund Inc ($271k) and Visiting Christian Science Nursing Service of New Jersey Inc ($271k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $118k (56% of expenses). Other salaries and wages came to $13k. At year end it held assets of $1.8m against liabilities of $102k, net assets of $1.7m. It reported 4 employees.