Challenge America

Analysis

Challenge America is a registered charity in United States, based in Basalt, CO. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Challenge America reported income of $139k and spending of $263k, spending 189% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $139k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to December 2020, when income rose by 180%. Over the whole period it spent 130% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Challenge America sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 42nd percentile within CO. Charities of a similar size with the same main cause include Senior Medi-Benefits ($139k), Fort Bend County Fire Fighters Association Inc ($139k) and The Exceptional Sidekick Inc ($139k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (8.7% of expenses). Other salaries and wages came to $185k. At year end it held assets of $63k against liabilities of $2,668, net assets of $60k. It reported 2 employees.