38 Challenge

Analysis

38 Challenge is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 38 Challenge reported income of $82k and spending of $113k, spending 138% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $82k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 38 Challenge sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Love a Golden Rescue ($82k), The Changing Table ($82k) and Hernando Meals on Wheels ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.