Compressed Air Challenge Inc

Analysis

Compressed Air Challenge Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Compressed Air Challenge Inc reported income of $219k and spending of $191k, spending 87% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $271k to $219k (-19%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Compressed Air Challenge Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Jefferson County Festival Charities ($219k), On the Road Productions International Inc ($219k) and Lyrical Opposition ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.