Salt Lake Community College Foundation

Analysis

Salt Lake Community College Foundation is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Salt Lake Community College Foundation reported income of $16.5m and spending of $3.7m, leaving 77% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.7m to $16.5m (+91%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 280%. Over the whole period it spent 40% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Salt Lake Community College Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Student Alternatives Program Incorporated ($16.5m), Literacy Lab ($16.5m) and Greater Raleigh Area Christian Education Inc ($16.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $36.8m against liabilities of $394k, net assets of $36.4m.