Champ Foundation

Analysis

Champ Foundation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Champ Foundation reported income of $121k and spending of $338k, spending 280% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $637k to $121k (-81%), an average of -43% a year. The sharpest change came in the year to December 2022, when income rose by 153%. Over the whole period it spent 84% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Champ Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Central Florida Health Inc ($121k), Fall River Group Homes Inc ($121k) and Lily Pad Foundation ($121k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $301k against liabilities of $0, net assets of $301k.