Life Challenge of Amarillo Inc

Analysis

Life Challenge of Amarillo Inc is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Life Challenge of Amarillo Inc reported income of $651k and spending of $800k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $654k to $651k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Life Challenge of Amarillo Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within TX. Charities of a similar size with the same main cause include Greenway Learning Center for Infants and Children Inc ($651k), National Tax Association Tax Institute of America ($651k) and Prairie View Home ($651k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $82k (10% of expenses). Other salaries and wages came to $189k. At year end it held assets of $1.2m against liabilities of $9,977, net assets of $1.2m. It reported 16 employees.