Challenge for Living Ministries Inc

Analysis

Challenge for Living Ministries Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2021, Challenge for Living Ministries Inc reported income of $96k and spending of $127k, spending 132% of what it took in. Across the 3 years on record, from December 2019 to December 2021, income grew from $24k to $96k (+298%), an average of +100% a year. The sharpest change came in the year to December 2020, when income rose by 124%. Over the whole period it spent 224% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Challenge for Living Ministries Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Snowdrop Ministries Inc ($96k), Iglesia Cristiana Amor Y Vida ($96k) and Majesty Foundation ($96k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (39% of expenses). Other salaries and wages came to $50k. At year end it held assets of $599k against liabilities of $0, net assets of $599k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.