Challenge Unlimited Inc

Analysis

Challenge Unlimited Inc is a registered charity in United States, based in Alton, IL. It received its IRS tax-exemption ruling in March 1963, 63 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Challenge Unlimited Inc reported income of $30.2m and spending of $30.7m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.7m to $30.2m (+13%), an average of +3.1% a year. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Challenge Unlimited Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Orc Industries Inc ($29.7m), Jewish Vocational Service Inc ($30.3m) and Goodwill Industries of Central Michigans Heartland Inc ($29.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $797k (2.6% of expenses). Other salaries and wages came to $16.4m. At year end it held assets of $20.2m against liabilities of $4.5m, net assets of $15.7m. It reported 801 employees.