U S Challenge Cup Inc

Analysis

U S Challenge Cup Inc is a registered charity in United States, based in Riverside, RI. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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, U S Challenge Cup Inc reported income of $498k and spending of $495k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $438k to $498k (+14%), an average of +3.2% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U S Challenge Cup Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within RI. Charities of a similar size with the same main cause include The Nashville Tree Foundation ($498k), Phoenix International Incorporated ($498k) and Stepping Stones Inc ($498k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $83k (17% of expenses). Other salaries and wages came to $70k. At year end it held assets of $15k against liabilities of $0, net assets of $15k. It reported 6 employees.