Challenge Foundation Arizona

Analysis

Challenge Foundation Arizona is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, Challenge Foundation Arizona reported income of $939k and spending of $645k, leaving 31% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $512k to $939k (+84%), an average of +16% a year. The sharpest change came in the year to May 2022, when income rose by 173%. Over the whole period it spent 30% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Challenge Foundation Arizona sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within AZ. Charities of a similar size with the same main cause include Camp Nebagamon Foundation ($939k), Westshore Montessori Association ($939k) and Dormann Library ($938k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $248k. At year end it held assets of $4.4m against liabilities of $41k, net assets of $4.4m. It reported 4 employees.