Challenge Enterprises of North Florida Inc

Analysis

Challenge Enterprises of North Florida Inc is a registered charity in United States, based in Green CV SPGS, FL. It received its IRS tax-exemption ruling in January 1975, 51 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 September 2023, Challenge Enterprises of North Florida Inc reported income of $12.0m and spending of $11.3m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.0m to $12.0m (+50%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Challenge Enterprises of North Florida Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Fayette County Community Action Agency Inc ($12.0m), LCH Health and Community Services ($12.0m) and Western Egyptian Economic Opportunity Council Inc ($12.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 4.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $119k (1.1% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $9.2m against liabilities of $2.0m, net assets of $7.1m. It reported 426 employees.