Cyberauto Challenge

Analysis

Cyberauto Challenge is a registered charity in United States, based in Pasadena, MD. It received its IRS tax-exemption ruling in January 2023, 3 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Cyberauto Challenge reported income of $96k and spending of $109k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $138k to $96k (-31%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cyberauto Challenge sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 37th percentile within MD. Charities of a similar size with the same main cause include Thoreau Farm Trust Inc ($96k), Yun International Music Foundation ($96k) and Carlton Cty Historical Society ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $0, net assets of $55k.