Challenger Basic School Inc

Analysis

Challenger Basic School Inc is a registered charity in United States, based in Gilbert, AZ. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Challenger Basic School Inc reported income of $3.4m and spending of $2.6m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $3.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Challenger Basic School Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within AZ. Charities of a similar size with the same main cause include Torah Ore Seminary ($3.4m), Mayfield Rotary Foundation Inc ($3.4m) and Watts College of Nursing Inc ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $280k (11% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $4.6m against liabilities of $1.2m, net assets of $3.5m. It reported 47 employees.