Climb USA Inc

Analysis

Climb USA Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2023, Climb USA Inc reported income of $346k and spending of $473k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $529k to $346k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 82% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Climb USA Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within WI. Charities of a similar size with the same main cause include High Impact Movement Inc ($346k), Tag Ranch Inc ($346k) and Tillamook Police Cadet Association ($345k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $104k (22% of expenses). Other salaries and wages came to $141k. At year end it held assets of $193k against liabilities of $16k, net assets of $177k. It reported 12 employees.