Preston G Hughes Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Preston G Hughes Foundation Inc is a 501(c)(3) organization based in Salt Lake Cty, Utah, registered in 1965, with $314,305 in FY2024 revenue. CharityIndex grades it C+.
3860 S Parkview Cir, Salt Lake Cty, UT, 84124 EIN 87-6122482 Since 1965
Revenue (FY2024)
$314K
▲ 303.2% vs prior year
Expenses (FY2024)
$144K
Net assets
$2.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Preston G Hughes Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating166 mo reserves · +54% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Preston G Hughes Foundation Inc: 166 mo reserves · +54% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Preston G Hughes Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Preston G Hughes Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3860 S Parkview Cir, Salt Lake Cty, UT, 84124
- City
- Salt Lake Cty
- State
- Utah
- Category
- —
- Subcategory
- —
Financial trends
Revenue grew from $106K (FY2013) to $314K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $2.0M
Operating margin
54.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$2.0M
Total liabilities
$0
Net assets
$2.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $314,305▲303% | $144,337▲37.8% | $1,993,937▲4.6% | $1,993,937▲4.6% | 990PF |
| 2023 | $77,947▼19.9% | $104,741▼11.4% | $1,905,935▲3.9% | $1,905,935▲3.9% | 990PF |
| 2022 | $97,318▼53.1% | $118,177▼19.3% | $1,833,870▼0.2% | $1,833,870▼0.2% | 990PF |
| 2021 | $207,642▲136% | $146,500▲50.4% | $1,837,671▲3.4% | $1,837,671▲3.4% | 990PF |
| 2020 | $88,047▲160% | $97,438▼15.6% | $1,776,529▼0.5% | $1,776,529▼0.5% | 990PF |
| 2019 | $33,841▼89.2% | $115,409▲8.8% | $1,785,920▼4.4% | $1,785,920▼4.4% | 990PF |
| 2018 | $314,373▲335% | $106,056▲60.9% | $1,867,488▲12.6% | $1,867,494▲12.6% | 990PF |
| 2017 | $72,204▼9.9% | $65,903▼37.0% | $1,659,171▲0.4% | $1,659,177▲0.4% | 990PF |
| 2016 | $80,129▲27.8% | $104,606▲27.9% | $1,652,871▼1.5% | $1,652,871▼1.5% | 990PF |
| 2015 | $62,720▼44.2% | $81,818▼40.0% | $1,677,348▼1.1% | $1,677,348▼1.1% | 990PF |
| 2014 | $112,445▲6.3% | $136,427▲1.7% | $1,696,446▼1.4% | $1,696,446▼1.4% | 990PF |
| 2013 | $105,761 | $134,169▲12.1% | $1,720,428▼1.6% | $1,720,428▼1.6% | 990PF |
| 2012 | — | $119,684▲42.4% | $1,748,836▲1.0% | $1,748,836▲1.0% | 990PF |
| 2011 | — | $84,053▲97.0% | $1,731,761▼2.7% | $1,731,761▼2.7% | 990PF |
| 2010 | — | $42,673 | $1,780,247 | $1,780,247 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Preston G Hughes Foundation Inc a legitimate nonprofit?
- Yes. Preston G Hughes Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 87-6122482, based in Salt Lake Cty, Utah. Donations are tax-deductible.
- What is Preston G Hughes Foundation Inc's EIN?
- Preston G Hughes Foundation Inc's Employer Identification Number (EIN) is 87-6122482.
- How much revenue does Preston G Hughes Foundation Inc report?
- Preston G Hughes Foundation Inc reported $314,305 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Preston G Hughes Foundation Inc have?
- CharityIndex grades Preston G Hughes Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Preston G Hughes Foundation Inc (EIN 87-6122482) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.