| National Challenge Cup | |
| Year: | 1954 |
| Country: |  United States |
| Dates: | 6 December 1953- 16 May 1954 |
| Defending Champions: | Chicago Falcons |
| Winners: | New York Americans |
| Count: | 2 |
| Second: | St. Louis Kutis S.C. |
| Semifinal1: | Scots SC |
| Semifinal2: | Castle Shannon |
| Prev Season: | 1953 |
| Next Season: | 1955 |
The 1954 National Challenge Cup was the 41st edition of the United States Soccer Football Association's annual open soccer championship.