Keystone Challenge Fund Inc

Analysis

Keystone Challenge Fund Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Keystone Challenge Fund Inc reported income of $190k and spending of $278k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $516k to $190k (-63%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Keystone Challenge Fund Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Stafford United Methodist Housing Development Corporation ($190k), Centre Avenue Housing Inc ($190k) and Peaceful Living Homes ($190k).

Other salaries and wages came to $159k. At year end it held assets of $954k against liabilities of $196k, net assets of $758k. It reported 2 employees.