Provo Foundation
EIN: 742530255 · Provo, UT · NTEE: T30
| Metric | Value |
|---|---|
| Total Revenue | $347K |
| Total Expenses | $134K |
| Net Assets | $3.3M |
Is Provo Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Provo Foundation
Provo Foundation (EIN: 742530255) is a nonprofit organization based in Provo, UT, classified under NTEE code T30. The organization reported total revenue of $347K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Provo Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Provo Foundation is a small nonprofit that has been operating for 37 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 12.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $245K |
| Total Expenses | $134K |
| Surplus / Deficit | +$111K |
| Total Assets | $3.4M |
| Total Liabilities | $23K |
| Net Assets | $3.3M |
| Operating Margin | 45.4% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 300.8 months |
Financial Health Grade: A
In 2023, Provo Foundation reported a surplus of $111K with revenue exceeding expenses, holds 300.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Provo Foundation's revenue has grown at a compound annual growth rate (CAGR) of 12.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.5% | -31.5% | +4.2% |
| 2022 | -45.7% | +11.6% | -0.2% |
| 2021 | +157.1% | +883.6% | +6.0% |
| 2020 | -10.8% | -92.9% | +4.1% |
| 2019 | +25.0% | +7.3% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Provo Foundation 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 Provo Foundation 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 surplus of $111K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about Provo Foundation
Is Provo Foundation a legitimate charity?
Provo Foundation (EIN: 742530255) is a registered tax-exempt nonprofit based in Utah. It has 12 years of IRS 990 filings on record. Total revenue: $347K. No red flags identified. Financial health grade: A.
How does Provo Foundation spend its money?
Provo Foundation reported $347K in total revenue in IRS 990 filings. 12 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Provo Foundation tax-deductible?
Provo Foundation is registered as a tax-exempt nonprofit (EIN: 742530255). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Provo Foundation located?
Provo Foundation is headquartered in Provo, Utah and files with the IRS under EIN 742530255. It is classified under NTEE code T30.
How many years of IRS 990 filings does Provo Foundation have?
Provo Foundation has 12 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 $347K in total revenue.
Filing History
IRS 990 filing history for Provo Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Provo Foundation's revenue has grown by 273.2%, moving from $66K to $245K. Total assets increased by 37.2% over the same period, from $2.4M to $3.4M. Total functional expenses rose by 373.6%, from $28K to $134K. In its most recent filing year (2023), Provo Foundation reported a surplus of $111K, with revenue exceeding expenses. The organization holds $23K in liabilities against $3.4M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $245K | $134K | $3.4M | $23K | — | View 990 |
| 2022 | $194K | $195K | $3.2M | $4 | — | View 990 |
| 2021 | $357K | $175K | $3.2M | $4K | — | — |
| 2020 | $139K | $18K | $3.0M | $4K | — | View 990 |
| 2019 | $156K | $251K | $2.9M | $4K | — | View 990 |
| 2018 | $125K | $234K | $3.0M | $4 | — | View 990 |
| 2017 | $157K | $200K | $3.2M | $25K | — | View 990 |
| 2016 | $414K | $183K | $3.2M | $4 | — | View 990 |
| 2015 | $90K | $57K | $3.0M | $16K | — | View 990 |
| 2014 | $363K | $49K | $2.9M | $8K | — | View 990 |
| 2013 | $258K | $114K | $2.6M | $23K | — | View 990 |
| 2012 | $66K | $28K | $2.4M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $245K, expenses of $134K, and assets of $3.4M (revenue +26.5% year-over-year).
- 2022: Revenue of $194K, expenses of $195K, and assets of $3.2M (revenue -45.7% year-over-year).
- 2021: Revenue of $357K, expenses of $175K, and assets of $3.2M (revenue +157.1% year-over-year).
- 2020: Revenue of $139K, expenses of $18K, and assets of $3.0M (revenue -10.8% year-over-year).
- 2019: Revenue of $156K, expenses of $251K, and assets of $2.9M (revenue +25.0% year-over-year).
- 2018: Revenue of $125K, expenses of $234K, and assets of $3.0M (revenue -20.5% year-over-year).
- 2017: Revenue of $157K, expenses of $200K, and assets of $3.2M (revenue -62.1% year-over-year).
- 2016: Revenue of $414K, expenses of $183K, and assets of $3.2M (revenue +360.0% year-over-year).
- 2015: Revenue of $90K, expenses of $57K, and assets of $3.0M (revenue -75.3% year-over-year).
- 2014: Revenue of $363K, expenses of $49K, and assets of $2.9M (revenue +40.8% year-over-year).
- 2013: Revenue of $258K, expenses of $114K, and assets of $2.6M (revenue +292.7% year-over-year).
- 2012: Revenue of $66K, expenses of $28K, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Provo Foundation:
Data Sources and Methodology
This transparency report for Provo Foundation 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.