Challenge Foundation Inc

Analysis

Challenge Foundation Inc is a registered charity in United States, based in Englewood, CO. It received its IRS tax-exemption ruling in April 1999, 27 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 Inc reported income of $5.0m and spending of $1.6m, leaving 67% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.5m to $5.0m (+100%), an average of +19% a year. The sharpest change came in the year to May 2023, when income rose by 175%. Over the whole period it spent 62% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Challenge Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Castle High School Inc ($5.0m), Pikes Peak School of Expeditionary Learning ($5.0m) and Village Green Charter School ($5.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $588k. At year end it held assets of $5.7m against liabilities of $68k, net assets of $5.6m. It reported 5 employees.