Utahs Promise
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 11,385,903 | 10,436,858 | 949,045 | 9.2 | 18% |
| 2012 | 14,915,939 | 10,374,670 | 4,541,269 | 14.2 | 24% |
| 2013 | 21,468,250 | 7,552,757 | 13,915,493 | 41.8 | 34% |
| 2014 | 11,339,467 | 14,560,659 | −3,221,192 | 19.5 | 24% |
| 2015 | 17,227,509 | 14,295,021 | 2,932,488 | 22.2 | 28% |
| 2016 | 12,199,821 | 15,248,240 | −3,048,419 | 18.6 | 29% |
| 2017 | 13,166,662 | 17,116,459 | −3,949,797 | 13.6 | 28% |
| 2019 | 13,478,038 | 15,213,256 | −1,735,218 | 13.0 | 35% |
| 2020 | 21,883,175 | 13,795,462 | 8,087,713 | 20.5 | 38% |
| 2021 | 17,873,983 | 12,901,927 | 4,972,056 | 27.7 | 38% |
| 2022 | 11,102,852 | 14,172,242 | −3,069,390 | 21.6 | 36% |
| 2023 | 14,945,443 | 15,533,322 | −587,879 | 19.4 | 38% |
In its most recent public year (2023), this organization spent $587,879 more than it brought in. Its reserves stood at about 19.4 months of spending, up from 9.2 in 2011. Staff pay was 38% of spending. $9,329,649 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Utahs Promise's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works