American Consumer Credit Counseling Inc

Analysis

American Consumer Credit Counseling Inc is a registered charity in United States, based in Auburndale, MA. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, American Consumer Credit Counseling Inc reported income of $14.2m and spending of $13.2m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.6m to $14.2m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Consumer Credit Counseling Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include American Public Human Services Association ($14.2m), Tableland Services Inc ($14.2m) and Marin Child Care Council ($14.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.8% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $723k (5.5% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $19.1m against liabilities of $2.6m, net assets of $16.5m. It reported 190 employees.