Challenge Program
Only null% goes to programs Strong reserves
Challenge Program is a 501(c)(3) organization based in Wilmington, Delaware, registered in 1999, with $2,399,544 in FY2024 revenue. CharityIndex grades it B.
1124 E 7th St, Wilmington, DE, 19801 EIN 51-0386369 Since 1999
Revenue (FY2024)
$2.4M
▼ 0.2% vs prior year
Education median: $200K
Expenses (FY2024)
$2.1M
Net assets
$5.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Challenge Program— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating33 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Challenge Program: 33 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Challenge Program— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Challenge Program: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1124 E 7th St, Wilmington, DE, 19801
- City
- Wilmington
- State
- Delaware
- Category
- Education
- Subcategory
- Educational Services
- Website
- …
Financial trends
Revenue grew from $1.1M (FY2013) to $2.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0MNet assets $5.7M
Operating margin
13.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$6.7M
Total liabilities
$1.0M
Net assets
$5.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,399,544▼0.2% | $2,081,000▲13.0% | $5,666,935▲6.0% | $6,667,530▲5.1% | 990 |
| 2023 | $2,403,309▼21.2% | $1,841,148▼4.9% | $5,348,391▲11.7% | $6,344,835▲15.4% | 990 |
| 2022 | $3,048,849▲36.6% | $1,936,781▲11.7% | $4,786,230▲30.3% | $5,497,133▲31.5% | 990 |
| 2021 | $2,231,760▲17.9% | $1,733,323▼10.7% | $3,674,162▲15.7% | $4,180,942▲12.5% | 990 |
| 2020 | $1,892,437▼32.3% | $1,942,072▼12.3% | $3,175,725▼1.5% | $3,716,217▼4.7% | 990 |
| 2019 | $2,796,120▼7.9% | $2,214,050▼2.1% | $3,225,360▲22.0% | $3,899,346▲29.5% | 990 |
| 2018 | $3,035,356▲85.4% | $2,262,356▲29.3% | $2,643,290▲41.3% | $3,010,939▲36.1% | 990 |
| 2017 | $1,637,356▲14.9% | $1,749,964▲35.0% | $1,870,290▼5.7% | $2,211,653▼9.8% | 990 |
| 2016 | $1,424,509▲29.1% | $1,296,576▲7.0% | $1,982,898▲6.9% | $2,452,774▲3.5% | 990 |
| 2015 | $1,103,591▼4.5% | $1,211,718▲23.5% | $1,854,965▼5.5% | $2,368,843▲7.6% | 990 |
| 2014 | $1,156,047▲5.8% | $981,120▼1.8% | $1,963,092▲9.8% | $2,201,164▲7.4% | 990 |
| 2013 | $1,092,830 | $998,611▼9.2% | $1,788,161▲5.6% | $2,050,023▼0.8% | 990 |
| 2012 | — | $1,099,761▲21.3% | $1,693,942▼0.8% | $2,066,256▲3.8% | 990 |
| 2011 | — | $906,793▼12.6% | $1,707,540▲39.0% | $1,989,809▲23.0% | 990 |
| 2010 | — | $1,037,060 | $1,228,414 | $1,617,342 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $789K total
15 grants to Challenge Program totaling $789K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Online Giving Foundation Inc | General support | 2024 | $20,000 |
| American Endowment Foundation | Educational | 2024 | $17,000 |
| Redf | Growth portfolio | 2023 | $175,100 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $50,000 |
| Delaware Community Foundation | Fy24 capital grant funding-roofing and downspout repairs for construction training center; pilot mental health counseling program for vulnerable young adults; unrestricted support | 2023 | $36,750 |
| Redf | Growth portfolio | 2022 | $100,000 |
| Redf | Growth portfolio | 2022 | $75,000 |
| Redf | Growth portfolio | 2021 | $100,000 |
| Delaware Community Foundation | Restricted for covid support for an additional shop space, crew tools, benches, etc. to reduce the risk of spreading virus among trainees during the time of winter, restricted to support youth craft training and unrestricted support. | 2020 | $26,000 |
| Redf | Strategic | 2020 | $20,000 |
| Philadelphia Foundation | Youth training and programming, operating support | 2020 | $13,000 |
| Delaware Community Foundation | To support vocational training for delaware's at-risk youth to empower them with the confidence, skills, and purpose needed to become productive members of society and other unrestricted support | 2019 | $46,000 |
| Philadelphia Foundation | Building play: inside & out | 2019 | $10,000 |
| Delaware Community Foundation | Capital grant furniture manufacturing facility | 2018 | $25,000 |
| Delaware Community Foundation | Employment | 2014 | $75,000 |
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Frequently asked questions
- Is Challenge Program a legitimate nonprofit?
- Yes. Challenge Program is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 51-0386369, based in Wilmington, Delaware. Donations are tax-deductible.
- What is Challenge Program's EIN?
- Challenge Program's Employer Identification Number (EIN) is 51-0386369.
- How much revenue does Challenge Program report?
- Challenge Program reported $2,399,544 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Challenge Program have?
- CharityIndex grades Challenge Program B, based on financial health (reserves and operating margin).
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Data for Challenge Program (EIN 51-0386369) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.