Challengers Independent Living Inc

Analysis

Challengers Independent Living Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Challengers Independent Living Inc reported income of $2.8m and spending of $2.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $2.8m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2021, when income rose by 24%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Challengers Independent Living Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Faithworks of the Inner City Inc ($2.8m), Coastal Bend Center for Independent Living ($2.8m) and Minnesota Jewish Community Center Foundation ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $1.5m against liabilities of $332k, net assets of $1.2m. It reported 51 employees.