Cybertruck Challenge

Analysis

Cybertruck Challenge is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Cybertruck Challenge reported income of $200k and spending of $191k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $164k to $200k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Cybertruck Challenge sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Gentlemen of Vision Rites of Passage Enterprises Inc ($200k), Women in Technology Wisconsin Inc ($200k) and Chess Without Borders Inc ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.