American Credit Counseling Service Inc

Analysis

American Credit Counseling Service Inc is a registered charity in United States, based in Attleboro, MA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Credit Counseling Service Inc reported income of $120k and spending of $176k, spending 146% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $221k to $120k (-46%), an average of -14% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, American Credit Counseling Service Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include German Heritage Society ($120k), Tuberculosis Association of Ohio County ($120k) and Madison Heights Little Football League Inc ($120k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $46k (26% of expenses). Other salaries and wages came to $10k. At year end it held assets of $70k against liabilities of $104k, net assets of -$34k. It reported 3 employees.