CSCharityScored
39

Economic Development Corp Of Utah

Community Development · Salt Lake Cty, Utah

201 S Main St Ste 425, Salt Lake Cty, UT 84111-2238

EIN: 742502619· Founded: May 2016· 10 years active· Filing Year: 2023

Annual Revenue

$3.0M

Total Expenses

$2.9M

Total Assets

$4.5M

Program Spending

1%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$369K

12.7% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$1.1M

Total Payroll

$1.5M

52% of total expenses

Where the Money Goes

1%
Programs: 1%
Payroll: 52%
Other overhead: 99%
Program Revenue$30K (1%)
Total Expenses$2.9M (98%)
Payroll$1.5M (52%)
Overhead (non-program)99%

Trust Score Breakdown

Program Spending Ratio

1% of expenses go to programs

40%

Revenue & Stability

$3.0M annual revenue

15%

Executive Compensation

$369K total officer comp (12.7% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$4.5M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.