Challenge Mountain of Walloon Hills Inc

Analysis

Challenge Mountain of Walloon Hills Inc is a registered charity in United States, based in Boyne City, MI. It received its IRS tax-exemption ruling in March 1985, 41 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Challenge Mountain of Walloon Hills Inc reported income of $1.0m and spending of $986k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $820k to $1.0m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Challenge Mountain of Walloon Hills Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Institute of Environmental Sciences and Technology ($1.0m), Puentes ($1.0m) and Albuquerque Christian School ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $114k (12% of expenses). Other salaries and wages came to $254k. At year end it held assets of $1.8m against liabilities of $38k, net assets of $1.7m. It reported 9 employees.