The present invention generally relates to a utility caddy which provides a stable, portable, and vertically adjustable work-surface and tool/material organization platform for permitting requisite tools and materials to be held in an organized and readily accessible manner, at any height, in any of a myriad of applications such as painting or installing drywall. The utility caddy comprises a base, a longitudinally adjustable support member, and a receptacle which, in the preferred embodiment, contains a plurality of slots for holding variously dimensioned tools and containers for materials.