Teen Challenge

Analysis

Teen Challenge is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1965, 61 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Teen Challenge reported income of $2.6m and spending of $1.4m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $17.6m to $2.6m (-85%), an average of -38% a year. The sharpest change came in the year to December 2023, when income rose by 136%. Over the whole period it spent 32% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Teen Challenge sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Global Implementation Solutions ($2.6m), Childrens Heartlink ($2.6m) and Adelante Community Development ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $483k. At year end it held assets of $19.0m against liabilities of $69k, net assets of $18.9m. It reported 19 employees.