Friends of Challenging Heights

Analysis

Friends of Challenging Heights is a registered charity in United States, based in Davidson, NC. It received its IRS tax-exemption ruling in May 2011, 15 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 (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, Friends of Challenging Heights reported income of $472k and spending of $473k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $306k to $472k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 679%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Challenging Heights sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Butler Family Community Foundation ($472k), One Az Community Foundation Inc ($472k) and United Way of Posey County Inc ($472k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.