Challenge Aspen

Analysis

Challenge Aspen is a registered charity in United States, based in Snowmass VLG, CO. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Aspen reported income of $1.9m and spending of $2.0m, spending 103% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $3.3m to $1.9m (-41%), an average of -12% a year. The sharpest change came in the year to May 2022, when income dropped by 44%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Challenge Aspen sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within CO. Charities of a similar size with the same main cause include Claras Little Lambs Preschool Academy Inc ($1.9m), Ross County Committee for Elderly Inc ($1.9m) and The Lawrence County Young Mens Chri Stian Association ($1.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 87% and program service revenue 14% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $4.1m against liabilities of $274k, net assets of $3.8m. It reported 31 employees.