I Challenge Myself Inc
Only null% goes to programs Declining revenue
I Challenge Myself Inc is a 501(c)(3) organization based in New York, New York, registered in 2004, with $501,666 in FY2024 revenue. CharityIndex grades it B.
1216 Broadway, New York, NY, 10001 EIN 56-2423423 Since 2004
Revenue (FY2024)
$502K
▲ 7.8% vs prior year
Recreation median: $129K
Expenses (FY2024)
$465K
Net assets
$156K
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 I Challenge Myself Inc— 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 rating4 mo reserves · +7% 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 I Challenge Myself Inc: 4 mo reserves · +7% 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 I Challenge Myself Inc— 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 I Challenge Myself Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
- Address
- 1216 Broadway, New York, NY, 10001
- City
- New York
- State
- New York
- Category
- Recreation & Sports
- Subcategory
- Amateur Sports
- Website
- …
Financial trends
Revenue grew from $80K (FY2011) to $502K (FY2024) across 14 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $30KNet assets $156K
Operating margin
7.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$185K
Total liabilities
$30K
Net assets
$156K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $501,666▲7.8% | $465,417▼1.8% | $155,851▲30.3% | $185,480▲36.3% | 990 |
| 2023 | $465,246▼26.6% | $474,153▼27.4% | $119,602▼6.9% | $136,057▼6.5% | 990 |
| 2022 | $634,002▲7.4% | $652,940▲5.5% | $128,509▼12.8% | $145,536▼17.6% | 990 |
| 2021 | $590,273▼11.2% | $619,075▲0.3% | $147,447▼16.3% | $176,553▼23.5% | 990 |
| 2020 | $664,642▲32.8% | $617,007▲41.5% | $176,249▲37.0% | $230,909▲33.4% | 990 |
| 2019 | $500,388▲110% | $436,082▲59.9% | $128,614▲100.0% | $173,142▲69.7% | 990 |
| 2018 | $237,881▼44.4% | $272,741▼31.7% | $64,308▼35.2% | $102,010▼25.2% | 990 |
| 2017 | $427,989▲3.0% | $399,410▲1.8% | $99,168▲40.5% | $136,378▲47.4% | 990 |
| 2016 | $415,424▲14.6% | $392,507▼5.4% | $70,589▲48.1% | $92,507▲34.9% | 990 |
| 2015 | $362,535▼18.2% | $414,722▲6.7% | $47,672▼52.3% | $68,582▼40.2% | 990 |
| 2014 | $443,320▲152% | $388,668▲117% | $99,859▲121% | $114,771▲98.0% | 990 |
| 2013 | $176,227▲16.6% | $179,027▲50.3% | $45,207▼5.8% | $57,972▲9.2% | 990EZ |
| 2012 | $151,125▲89.3% | $119,091▲42.0% | $48,007▲201% | $53,084▲155% | 990EZ |
| 2011 | $79,829 | $83,842 | $15,973 | $20,786 | 990EZ |
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 · $392K total
23 grants to I Challenge Myself Inc totaling $392K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The New York Community Trust | For program support. | 2024 | $40,000 |
| American Online Giving Foundation Inc | General support | 2024 | $5,183 |
| American Online Giving Foundation Inc | General support | 2023 | $7,180 |
| Hispanic Federation Inc | Latino core grant | 2022 | $20,000 |
| The New York and Presbyterian Hospital | Support | 2022 | $10,000 |
| Hispanic Federation Inc | Communities of color nonprofit stabilization fund | 2022 | $8,165 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $7,900 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $6,500 |
| Trustees of Columbia University | Program services | 2022 | $5,500 |
| Good360 | To assist those in need. | 2021 | $12,361 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $10,500 |
| American Online Giving Foundation Inc | General support | 2020 | $34,992 |
| American Online Giving Foundation Inc | General support | 2020 | $34,992 |
| Charities Aid Foundation America | Charitable donation | 2020 | $25,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $20,500 |
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Frequently asked questions
- Is I Challenge Myself Inc a legitimate nonprofit?
- Yes. I Challenge Myself Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-2423423, based in New York, New York. Donations are tax-deductible.
- What is I Challenge Myself Inc's EIN?
- I Challenge Myself Inc's Employer Identification Number (EIN) is 56-2423423.
- How much revenue does I Challenge Myself Inc report?
- I Challenge Myself Inc reported $501,666 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does I Challenge Myself Inc have?
- CharityIndex grades I Challenge Myself Inc B, based on financial health (reserves and operating margin).
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Data for I Challenge Myself Inc (EIN 56-2423423) 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.