K2 Challenge

Analysis

K2 Challenge is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, K2 Challenge reported income of $214k and spending of $216k, spending 101% of its income. Across the 6 years on record, from December 2019 to March 2024, income grew from $158k to $214k (+35%), an average of +6.2% a year. The sharpest change came in the year to March 2023, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, K2 Challenge sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Rock CF Foundation ($214k), Darren Daulton Foundation Inc ($214k) and Equaspace ($214k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 9.3% and program service revenue 88% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.