New Challenge Inc

Analysis

New Challenge Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in March 1991, 35 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, New Challenge Inc reported income of $76k and spending of $92k, spending 120% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $77k to $76k (-1.3%), an average of -1.3% a year. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Challenge Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within KS. Charities of a similar size with the same main cause include Nami of San Joaquin County ($76k), New Life Institute Inc ($76k) and Kimball Education Foundation ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $229k against liabilities of $261k, net assets of -$33k.