Foundation for the Challenged

Analysis

Foundation for the Challenged is a registered charity in United States, based in Dublin, OH. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Foundation for the Challenged reported income of $2.0m and spending of $2.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.6m to $2.0m (-46%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 46%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for the Challenged sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Community Art Center Inc ($2.0m), Goodwill Industries of Metropolitan Chicago Inc ($2.0m) and Youth and Family Link ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $123k (5.7% of expenses). Other salaries and wages came to $78k. At year end it held assets of $25.8m against liabilities of $5.3m, net assets of $20.5m. It reported 2 employees.