Atlantic Challenge USA

Analysis

Atlantic Challenge USA is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 October 2023, Atlantic Challenge USA reported income of $68k and spending of $83k, spending 121% of what it took in. Across the 3 years on record, from October 2021 to October 2023, income grew from $57k to $68k (+20%), an average of +9.6% a year. The sharpest change came in the year to October 2022, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Atlantic Challenge USA sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 20th percentile within ME. Charities of a similar size with the same main cause include Westside Boosters Youth Athletic Club Incorporated ($68k), Buffalo Girls Basketball Boosters ($68k) and Blue Pride Gridiron Club Inc ($68k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $56k against liabilities of $276, net assets of $55k.