Rachels Challenge

Analysis

Rachels Challenge is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in February 2001, 25 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 June 2024, Rachels Challenge reported income of $1.6m and spending of $1.8m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.7m to $1.6m (-40%), an average of -12% a year. The sharpest change came in the year to June 2022, when income rose by 191%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Rachels Challenge sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Crossroads Community Ministries Inc ($1.6m), Pennsylvania Home of the Sparrow ($1.6m) and St Josephs Conference of the Societ St Vincent de Paul Inc ($1.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $280k (15% of expenses). Other salaries and wages came to $637k. At year end it held assets of $2.6m against liabilities of $310k, net assets of $2.3m. It reported 31 employees.