Los Angeles Challenge Corporation

Analysis

Los Angeles Challenge Corporation is a registered charity in United States, based in Torrance, CA. It received its IRS tax-exemption ruling in June 2002, 24 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, Los Angeles Challenge Corporation reported income of $166k and spending of $141k, spending 85% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $224k to $166k (-26%), an average of -9.6% a year. The sharpest change came in the year to December 2022, when income rose by 82%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Los Angeles Challenge Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Southwest Louisiana Homeschool Athletic Club ($166k), Bethesda Chevy Chase Nursery School Inc ($166k) and Kansas City Design Center Inc ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $472k against liabilities of $1,778, net assets of $470k.