Challenger School Foundation

Analysis

Challenger School Foundation is a registered charity in United States, based in Sandy, UT. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Challenger School Foundation reported income of $192.1m and spending of $136.7m, leaving 29% of income unspent that year. Across the 5 years on record, from July 2020 to July 2024, income grew from $108.3m to $192.1m (+77%), an average of +15% a year. The sharpest change came in the year to July 2022, when income rose by 44%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Challenger School Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within UT. Charities of a similar size with the same main cause include President and Trustees of Bates College ($192.1m), Norwich University ($192.7m) and Hult International Business School Inc ($191.3m).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 0.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $2.7m (2.0% of expenses). Other salaries and wages came to $81.8m. At year end it held assets of $705.0m against liabilities of $110.9m, net assets of $594.1m. It reported 1,680 employees.