Climb
Climb shows consistent growth and strong assets, with a recent minor deficit and no reported officer compensation.
EIN: 201523033 · Cheyenne, WY · NTEE: P42 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.9M |
| Total Expenses | $7.0M |
| Program Spending | 85% |
| Net Assets | $7.4M |
| Transparency Score | 88/100 |
Is Climb Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Climb directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Climb
Climb (EIN: 201523033) is a nonprofit organization based in Cheyenne, WY, classified under NTEE code P42. The organization reported total revenue of $12.9M and total assets of $10.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Climb's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Climb is a large nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.8M |
| Total Expenses | $7.0M |
| Surplus / Deficit | $-269,068 |
| Total Assets | $8.1M |
| Total Liabilities | $639K |
| Net Assets | $7.4M |
| Operating Margin | -4.0% |
| Debt-to-Asset Ratio | 7.9% |
| Months of Reserves | 13.8 months |
Financial Health Grade: B
In 2023, Climb reported a deficit of $269K with expenses exceeding revenue, holds 13.8 months of operating reserves (strong position), has a debt-to-asset ratio of 7.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Climb's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.9% | +19.2% | +8.0% |
| 2022 | +0.7% | +3.2% | +2.0% |
| 2021 | +29.4% | +6.4% | +34.1% |
| 2020 | -2.9% | -4.4% | +15.9% |
| 2019 | +2.4% | +6.2% | +7.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Climb with a Mission Score of 88 out of 100 (Excellent). 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, Climb 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $269K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.9%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all filings, which suggests either that officers are not compensated or their compensation is reported in a different section of the IRS 990, requiring a deeper dive into Part VII to fully assess executive pay relative to the organization's multi-million dollar revenue and asset base.
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 Climb's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202309), a deviation from prior years' surpluses.
- Lack of detailed officer compensation in summary data requires further investigation into full 990 filings to ensure transparency.
Strengths
The following positive indicators were identified for Climb:
- Consistent revenue growth over the past decade, from $3.3M in 2014 to $6.7M in 2023.
- Strong asset base ($8,075,795 in 202309) significantly exceeding liabilities ($638,932), indicating financial stability.
- History of positive net assets, demonstrating sound financial management.
- No reported officer compensation in summary data, suggesting potential for high program spending or volunteer leadership (pending full 990 review).
Frequently Asked Questions about Climb
Is Climb a legitimate charity?
Climb (EIN: 201523033) is a registered tax-exempt nonprofit based in Wyoming. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Climb spend its money?
Climb directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Climb tax-deductible?
Climb is registered as a tax-exempt nonprofit (EIN: 201523033). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Climb's spending goes to programs?
Climb directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Climb compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Climb is above average for NTEE category P42 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Climb located?
Climb is headquartered in Cheyenne, Wyoming and files with the IRS under EIN 201523033. It is classified under NTEE code P42.
How many years of IRS 990 filings does Climb have?
Climb has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.9M in total revenue.
Why did expenses exceed revenue in the 202309 period?
In the 202309 period, Climb reported expenses of $7,031,928 against revenues of $6,762,860, resulting in a deficit. This could be due to strategic investments, one-time expenditures, or a temporary dip in funding, and would require reviewing the full 990 for detailed explanations.
What is the actual executive compensation for Climb?
The provided summary data consistently shows 0% for 'Officer Comp'. To determine the actual executive compensation, one would need to review Part VII, Section A of the full IRS Form 990 for each period, which details compensation for officers, directors, trustees, and key employees.
How does Climb manage its liabilities?
Climb generally maintains a healthy financial position with assets significantly exceeding liabilities. For example, in 202309, assets were $8,075,795 while liabilities were $638,932, indicating strong solvency and responsible management of debt.
What is the trend in Climb's financial growth?
Climb has demonstrated consistent financial growth over the past decade, with revenue increasing from $3,342,661 in 201409 to $6,762,860 in 202309, and assets growing from $2,144,901 to $8,075,795 in the same period, indicating a robust expansion.
Filing History
IRS 990 filing history for Climb showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Climb's revenue has grown by 73.3%, moving from $3.9M to $6.8M. Total assets increased by 316% over the same period, from $1.9M to $8.1M. Total functional expenses rose by 91.6%, from $3.7M to $7.0M. In its most recent filing year (2023), Climb reported a deficit of $269K, with expenses exceeding revenue. The organization holds $639K in liabilities against $8.1M in assets (debt-to-asset ratio: 7.9%), resulting in net assets of $7.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.8M | $7.0M | $8.1M | $639K | — | — |
| 2022 | $7.5M | $5.9M | $7.5M | $145K | — | View 990 |
| 2021 | $7.5M | $5.7M | $7.3M | $771K | — | View 990 |
| 2020 | $5.8M | $5.4M | $5.5M | $813K | — | — |
| 2019 | $5.9M | $5.6M | $4.7M | $503K | — | View 990 |
| 2018 | $5.8M | $5.3M | $4.4M | $464K | — | View 990 |
| 2017 | $5.1M | $4.7M | $3.5M | $146K | — | View 990 |
| 2016 | $5.1M | $4.6M | $3.0M | $164K | — | View 990 |
| 2015 | $4.0M | $3.7M | $2.4M | $81K | — | View 990 |
| 2014 | $3.3M | $3.6M | $2.1M | $87K | — | View 990 |
| 2013 | $4.0M | $4.0M | $2.5M | $171K | — | View 990 |
| 2012 | $4.2M | $3.8M | $2.5M | $84K | — | View 990 |
| 2011 | $3.9M | $3.7M | $1.9M | $18K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.8M, expenses of $7.0M, and assets of $8.1M (revenue -9.9% year-over-year).
- 2022: Revenue of $7.5M, expenses of $5.9M, and assets of $7.5M (revenue +0.7% year-over-year).
- 2021: Revenue of $7.5M, expenses of $5.7M, and assets of $7.3M (revenue +29.4% year-over-year).
- 2020: Revenue of $5.8M, expenses of $5.4M, and assets of $5.5M (revenue -2.9% year-over-year).
- 2019: Revenue of $5.9M, expenses of $5.6M, and assets of $4.7M (revenue +2.4% year-over-year).
- 2018: Revenue of $5.8M, expenses of $5.3M, and assets of $4.4M (revenue +12.7% year-over-year).
- 2017: Revenue of $5.1M, expenses of $4.7M, and assets of $3.5M (revenue +0.2% year-over-year).
- 2016: Revenue of $5.1M, expenses of $4.6M, and assets of $3.0M (revenue +29.3% year-over-year).
- 2015: Revenue of $4.0M, expenses of $3.7M, and assets of $2.4M (revenue +18.7% year-over-year).
- 2014: Revenue of $3.3M, expenses of $3.6M, and assets of $2.1M (revenue -15.6% year-over-year).
- 2013: Revenue of $4.0M, expenses of $4.0M, and assets of $2.5M (revenue -6.5% year-over-year).
- 2012: Revenue of $4.2M, expenses of $3.8M, and assets of $2.5M (revenue +8.6% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.7M, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Climb:
Data Sources and Methodology
This transparency report for Climb 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.