Nwa Challenge for Hope Inc

Analysis

Nwa Challenge for Hope Inc is a registered charity in United States, based in Rogers, AR. It received its IRS tax-exemption ruling in June 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2023, Nwa Challenge for Hope Inc reported income of $159k and spending of $162k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $159k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2020, when income dropped by 60%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nwa Challenge for Hope Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within AR. Charities of a similar size with the same main cause include Shoopy Scramble Charity ($159k), Houston Yoga & Ayurveda Ahsram Inc ($159k) and P L U S Charitable Trust Inc ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $28k (17% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k.

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.