Park City Summit County Arts Council
EIN: 742457798 · Park City, UT
| Metric | Value |
|---|---|
| Total Revenue | $828K |
| Total Expenses | $556K |
| Net Assets | $143K |
Is Park City Summit County Arts Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Park City Summit County Arts Council
Park City Summit County Arts Council (EIN: 742457798) is a nonprofit organization based in Park City, UT. The organization reported total revenue of $828K and total assets of $326K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Park City Summit County Arts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Park City Summit County Arts Council is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 17.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $537K |
| Total Expenses | $556K |
| Surplus / Deficit | $-18,818 |
| Total Assets | $402K |
| Total Liabilities | $259K |
| Net Assets | $143K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 64.3% |
| Months of Reserves | 8.7 months |
Financial Health Grade: C
In 2023, Park City Summit County Arts Council reported a deficit of $19K with expenses exceeding revenue, holds 8.7 months of operating reserves (strong position), has a debt-to-asset ratio of 64.3% (high leverage).
Financial Trends
Over 13 years of filings (2012–2023), Park City Summit County Arts Council's revenue has grown at a compound annual growth rate (CAGR) of 17.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -17.4% | -25.8% | +34.6% |
| 2022 | +6.8% | +37.4% | -5.6% |
| 2021 | +13.7% | +6.6% | +22.2% |
| 2020 | +41.5% | +43.7% | +17.8% |
| 2019 | +45.7% | +38.4% | +41.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Park City Summit County Arts Council 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 Park City Summit County Arts Council 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.3%.
Frequently Asked Questions about Park City Summit County Arts Council
Is Park City Summit County Arts Council a legitimate charity?
Park City Summit County Arts Council (EIN: 742457798) is a registered tax-exempt nonprofit based in Utah. It has 13 years of IRS 990 filings on record. Total revenue: $828K. No red flags identified. Financial health grade: C.
How does Park City Summit County Arts Council spend its money?
Park City Summit County Arts Council reported $828K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Park City Summit County Arts Council tax-deductible?
Park City Summit County Arts Council is registered as a tax-exempt nonprofit (EIN: 742457798). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Park City Summit County Arts Council located?
Park City Summit County Arts Council is headquartered in Park City, Utah and files with the IRS under EIN 742457798.
How many years of IRS 990 filings does Park City Summit County Arts Council have?
Park City Summit County Arts Council has 13 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 $828K in total revenue.
Filing History
IRS 990 filing history for Park City Summit County Arts Council showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), Park City Summit County Arts Council's revenue has grown by 473.1%, moving from $94K to $537K. Total assets increased by 863.8% over the same period, from $42K to $402K. Total functional expenses rose by 443%, from $102K to $556K. In its most recent filing year (2023), Park City Summit County Arts Council reported a deficit of $19K, with expenses exceeding revenue. The organization holds $259K in liabilities against $402K in assets (debt-to-asset ratio: 64.3%), resulting in net assets of $143K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $537K | $556K | $402K | $259K | — | — |
| 2022 | $650K | $750K | $299K | $136K | — | View 990 |
| 2021 | $609K | $546K | $316K | $55K | — | View 990 |
| 2020 | $536K | $512K | $259K | $61K | — | — |
| 2019 | $379K | $356K | $220K | $45K | — | View 990 |
| 2018 | $260K | $257K | $155K | $3K | — | View 990 |
| 2017 | $315K | $217K | $165K | $16K | — | — |
| 2016 | $48K | $77K | $53K | $818 | — | View 990 |
| 2016 | $130K | $95K | $83K | $2K | — | View 990 |
| 2015 | $167K | $126K | $45K | $0 | — | View 990 |
| 2014 | $58K | $96K | $5K | $2K | — | View 990 |
| 2013 | $111K | $108K | $47K | $3K | — | View 990 |
| 2012 | $94K | $102K | $42K | $217 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $537K, expenses of $556K, and assets of $402K (revenue -17.4% year-over-year).
- 2022: Revenue of $650K, expenses of $750K, and assets of $299K (revenue +6.8% year-over-year).
- 2021: Revenue of $609K, expenses of $546K, and assets of $316K (revenue +13.7% year-over-year).
- 2020: Revenue of $536K, expenses of $512K, and assets of $259K (revenue +41.5% year-over-year).
- 2019: Revenue of $379K, expenses of $356K, and assets of $220K (revenue +45.7% year-over-year).
- 2018: Revenue of $260K, expenses of $257K, and assets of $155K (revenue -17.6% year-over-year).
- 2017: Revenue of $315K, expenses of $217K, and assets of $165K (revenue +550.2% year-over-year).
- 2016: Revenue of $48K, expenses of $77K, and assets of $53K (revenue -62.8% year-over-year).
- 2016: Revenue of $130K, expenses of $95K, and assets of $83K (revenue -22.2% year-over-year).
- 2015: Revenue of $167K, expenses of $126K, and assets of $45K (revenue +187.0% year-over-year).
- 2014: Revenue of $58K, expenses of $96K, and assets of $5K (revenue -47.6% year-over-year).
- 2013: Revenue of $111K, expenses of $108K, and assets of $47K (revenue +18.7% year-over-year).
- 2012: Revenue of $94K, expenses of $102K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Park City Summit County Arts Council:
Data Sources and Methodology
This transparency report for Park City Summit County Arts Council 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.