Challenge Foundation Properties Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 34,420,580 | 4,072,482 | 30,348,098 | 89.4 | 17% |
| 2020 | 2,879,288 | 3,615,727 | −736,439 | 98.3 | 29% |
| 2021 | 2,761,233 | 3,050,715 | −289,482 | 114.1 | 24% |
| 2022 | 749,090 | 3,488,355 | −2,739,265 | 87.5 | 28% |
| 2023 | 842,174 | 2,918,264 | −2,076,090 | 97.5 | 32% |
In its most recent public year (2023), this organization spent $2,076,090 more than it brought in. Its reserves stood at about 97.5 months of spending, up from 89.4 in 2019. Staff pay was 32% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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