Community Shares Of Utah
EIN: 742501902 · Salt Lake Cty, UT
| Metric | Value |
|---|---|
| Total Revenue | $22K |
| Total Expenses | $76K |
| Net Assets | $-95,949 |
Is Community Shares Of Utah Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Community Shares Of Utah
Community Shares Of Utah (EIN: 742501902) is a nonprofit organization based in Salt Lake Cty, UT. The organization reported total revenue of $22K and total assets of $79K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Shares Of Utah's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Shares Of Utah is a micro nonprofit that has been operating for 38 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of -25.7%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $22K |
| Total Expenses | $76K |
| Surplus / Deficit | $-54,664 |
| Total Assets | $79K |
| Total Liabilities | $175K |
| Net Assets | $-95,949 |
| Operating Margin | -253.0% |
| Debt-to-Asset Ratio | 221.3% |
| Months of Reserves | 12.4 months |
Financial Health Grade: C
In 2020, Community Shares Of Utah reported a deficit of $55K with expenses exceeding revenue, holds 12.4 months of operating reserves (strong position), has a debt-to-asset ratio of 221.3% (high leverage).
Financial Trends
Over 10 years of filings (2011–2020), Community Shares Of Utah's revenue has declined at a compound annual growth rate (CAGR) of -25.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -77.4% | -36.1% | -49.7% |
| 2019 | -18.6% | -25.6% | +8.9% |
| 2018 | -12.5% | -4.7% | -30.9% |
| 2017 | -18.7% | -9.2% | -12.1% |
| 2016 | -16.9% | -9.9% | -15.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Community Shares Of Utah has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Community Shares Of Utah with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $55K, with expenses exceeding revenue.
- Debt-to-asset ratio: 221.3%.
Frequently Asked Questions about Community Shares Of Utah
Is Community Shares Of Utah a legitimate charity?
Community Shares Of Utah (EIN: 742501902) is a registered tax-exempt nonprofit based in Utah. It has 10 years of IRS 990 filings on record. Total revenue: $22K. No red flags identified. Financial health grade: C.
How does Community Shares Of Utah spend its money?
Community Shares Of Utah reported $22K in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Community Shares Of Utah tax-deductible?
Community Shares Of Utah is registered as a tax-exempt nonprofit (EIN: 742501902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Community Shares Of Utah located?
Community Shares Of Utah is headquartered in Salt Lake Cty, Utah and files with the IRS under EIN 742501902.
How many years of IRS 990 filings does Community Shares Of Utah have?
Community Shares Of Utah has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $22K in total revenue.
Filing History
IRS 990 filing history for Community Shares Of Utah showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), Community Shares Of Utah's revenue has declined by 93.1%, moving from $311K to $22K. Total assets decreased by 73.9% over the same period, from $303K to $79K. Total functional expenses fell by 76%, from $317K to $76K. In its most recent filing year (2020), Community Shares Of Utah reported a deficit of $55K, with expenses exceeding revenue. The organization holds $175K in liabilities against $79K in assets (debt-to-asset ratio: 221.3%), resulting in net assets of $-95,949.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $22K | $76K | $79K | $175K | — | View 990 |
| 2019 | $95K | $119K | $157K | $199K | — | View 990 |
| 2018 | $117K | $160K | $145K | $162K | — | View 990 |
| 2017 | $134K | $168K | $209K | $183K | — | View 990 |
| 2016 | $165K | $185K | $238K | $178K | — | View 990 |
| 2015 | $198K | $206K | $281K | $200K | — | View 990 |
| 2014 | $190K | $195K | $290K | $201K | — | View 990 |
| 2013 | $41K | $101K | $100K | $132K | — | View 990 |
| 2012 | $226K | $239K | $266K | $238K | — | View 990 |
| 2011 | $311K | $317K | $303K | $262K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $22K, expenses of $76K, and assets of $79K (revenue -77.4% year-over-year).
- 2019: Revenue of $95K, expenses of $119K, and assets of $157K (revenue -18.6% year-over-year).
- 2018: Revenue of $117K, expenses of $160K, and assets of $145K (revenue -12.5% year-over-year).
- 2017: Revenue of $134K, expenses of $168K, and assets of $209K (revenue -18.7% year-over-year).
- 2016: Revenue of $165K, expenses of $185K, and assets of $238K (revenue -16.9% year-over-year).
- 2015: Revenue of $198K, expenses of $206K, and assets of $281K (revenue +4.5% year-over-year).
- 2014: Revenue of $190K, expenses of $195K, and assets of $290K (revenue +357.8% year-over-year).
- 2013: Revenue of $41K, expenses of $101K, and assets of $100K (revenue -81.6% year-over-year).
- 2012: Revenue of $226K, expenses of $239K, and assets of $266K (revenue -27.4% year-over-year).
- 2011: Revenue of $311K, expenses of $317K, and assets of $303K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Shares Of Utah:
Data Sources and Methodology
This transparency report for Community Shares Of Utah is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.