Solar Car Challenge Foundation

Analysis

Solar Car Challenge Foundation is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Solar Car Challenge Foundation reported income of $196k and spending of $181k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $192k to $196k (+1.9%), an average of +1.9% a year. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solar Car Challenge Foundation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Queens Grant Pti ($196k), East Nashville Hope Exchange Inc ($196k) and Leon Early Childhood Center Inc ($196k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.