Success in Challenges Inc

Analysis

Success in Challenges Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Success in Challenges Inc reported income of $367k and spending of $381k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $328k to $367k (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Success in Challenges Inc 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 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Connecticut Elks Association Charities Inc ($367k), Maximum Accessible Housing-Lake ($367k) and Alder Tree Giving Inc ($367k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $56k (15% of expenses). Other salaries and wages came to $186k. It paid $5,348 in professional fundraising fees. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 10 employees.