Challenge Program

Analysis

Challenge Program is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 1999, 27 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 June 2023, Challenge Program reported income of $3.0m and spending of $1.9m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $3.0m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Challenge Program sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within DE. Charities of a similar size with the same main cause include Saint Joseph Academy ($3.0m), Alumni Association School of Medicine Loma Linda University ($3.0m) and E3 Alliance ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $96k (4.9% of expenses). Other salaries and wages came to $802k. At year end it held assets of $5.5m against liabilities of $711k, net assets of $4.8m. It reported 64 employees.