The Challenger Learnng Center of Maine

Analysis

The Challenger Learnng Center of Maine is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, The Challenger Learnng Center of Maine reported income of $333k and spending of $386k, spending 116% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $493k to $333k (-32%), an average of -9.3% a year. The sharpest change came in the year to June 2021, when income dropped by 50%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Challenger Learnng Center of Maine sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 59th percentile within ME. Charities of a similar size with the same main cause include Husky Athletic Booster Club ($333k), Arc Upper Valley Inc ($333k) and California Creativity Association ($333k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $126k. At year end it held assets of $1.1m against liabilities of $381k, net assets of $748k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.