Challenge Day

Analysis

Challenge Day is a registered charity in United States, based in Oakley, CA. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Challenge Day reported income of $1.3m and spending of $1.7m, spending 132% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.4m to $1.3m (-46%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 64%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Challenge Day sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Crescent School ($1.3m), Glen Canyon Outdoor Academy ($1.3m) and Missourian Publishing Assn Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $111k (6.5% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $59k against liabilities of $546k, net assets of -$487k. It reported 22 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.