Gold Challenge Cup Foundation Inc

Analysis

Gold Challenge Cup Foundation Inc is a registered charity in United States, based in Bryn Mawr, PA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Gold Challenge Cup Foundation Inc reported income of $333k and spending of $372k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $333k (+49%), an average of +11% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 97% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gold Challenge Cup Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within PA. Charities of a similar size with the same main cause include Riverton Babe Ruth League ($333k), Humboldt County Agricultural Society ($333k) and Schererville Baseball League Inc ($333k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $156k against liabilities of $15k, net assets of $141k.