Challenge Adventures
Challenge Adventures reports zero revenue and assets in its latest filing, indicating potential inactivity after years of modest financial operations.
EIN: 141971523 · Columbia, SC · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $44K |
| Program Spending | 85% |
| Net Assets | $5K |
| Transparency Score | 70/100 |
Is Challenge Adventures Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Challenge Adventures directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Challenge Adventures
Challenge Adventures (EIN: 141971523) is a nonprofit organization based in Columbia, SC. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Challenge Adventures's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Challenge Adventures is a micro nonprofit, with 4 years of IRS 990 filings on record (2011–2014). Revenue has grown at a compound annual rate of 36.9%.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
| Total Revenue | $46K |
| Total Expenses | $44K |
| Surplus / Deficit | +$1K |
| Total Assets | $5K |
| Net Assets | $5K |
| Operating Margin | 3.1% |
| Months of Reserves | 1.3 months |
Financial Health Grade: A
In 2014, Challenge Adventures reported a surplus of $1K with revenue exceeding expenses, holds 1.3 months of operating reserves (limited).
Financial Trends
Over 4 years of filings (2011–2014), Challenge Adventures's revenue has grown at a compound annual growth rate (CAGR) of 36.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2014 | -7.0% | -0.4% | +39.6% |
| 2013 | +113.1% | +62.5% | -12.2% |
| 2012 | +29.5% | +50.0% | +26.8% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Challenge Adventures with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Challenge Adventures allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2014)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% of expenses across all available filings, indicating that leadership is likely volunteer-based, which is highly efficient for an organization of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Challenge Adventures's IRS 990 filings:
- Zero revenue and assets in the latest filing, indicating potential inactivity.
- NTEE code is unknown, which can make it harder to categorize and compare the organization's mission and performance.
Strengths
The following positive indicators were identified for Challenge Adventures:
- Consistent reporting of 0% officer compensation, suggesting volunteer leadership and efficient use of funds.
- Historically low liabilities, indicating sound financial management in most periods (e.g., $0 in 2014, 2013, 2011).
Frequently Asked Questions about Challenge Adventures
Is Challenge Adventures a legitimate charity?
Challenge Adventures (EIN: 141971523) is a registered tax-exempt nonprofit based in South Carolina. Our AI analysis gives it a Mission Score of 70/100. It has 4 years of IRS 990 filings on record. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Challenge Adventures spend its money?
Challenge Adventures directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Challenge Adventures tax-deductible?
Challenge Adventures is registered as a tax-exempt nonprofit (EIN: 141971523). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Challenge Adventures's spending goes to programs?
Challenge Adventures directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Challenge Adventures located?
Challenge Adventures is headquartered in Columbia, South Carolina and files with the IRS under EIN 141971523.
How many years of IRS 990 filings does Challenge Adventures have?
Challenge Adventures has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data.
Is Challenge Adventures still operational given its latest filing of $0 revenue and assets?
The latest filing showing $0 revenue and assets strongly suggests that Challenge Adventures may no longer be actively operating or is in a dormant phase. Further investigation beyond the provided 990 data would be needed to confirm its current status.
How did Challenge Adventures manage its expenses when revenue was low, such as in 2012?
In 2012, Challenge Adventures reported $23,025 in revenue against $27,325 in expenses, resulting in a deficit. This was covered by existing assets or potentially new liabilities, as indicated by $5,150 in liabilities reported for that period.
Filing History
IRS 990 filing history for Challenge Adventures showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2011–2014), Challenge Adventures's revenue has grown by 156.6%, moving from $18K to $46K. Total assets increased by 55.4% over the same period, from $3K to $5K. Total functional expenses rose by 142.8%, from $18K to $44K. In its most recent filing year (2014), Challenge Adventures reported a surplus of $1K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2014 | $46K | $44K | $5K | $0 | — | View 990 |
| 2013 | $49K | $44K | $4K | $0 | — | View 990 |
| 2012 | $23K | $27K | $4K | $5K | — | View 990 |
| 2011 | $18K | $18K | $3K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2014: Revenue of $46K, expenses of $44K, and assets of $5K (revenue -7.0% year-over-year).
- 2013: Revenue of $49K, expenses of $44K, and assets of $4K (revenue +113.1% year-over-year).
- 2012: Revenue of $23K, expenses of $27K, and assets of $4K (revenue +29.5% year-over-year).
- 2011: Revenue of $18K, expenses of $18K, and assets of $3K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Challenge Adventures:
Data Sources and Methodology
This transparency report for Challenge Adventures is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.