Cambridge Credit Counseling Corp

Analysis

Cambridge Credit Counseling Corp is a registered charity in United States, based in Agawam, MA. It received its IRS tax-exemption ruling in December 2012, 14 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 June 2024, Cambridge Credit Counseling Corp reported income of $8.8m and spending of $9.2m, spending 104% of its income. Across the 6 years on record, from December 2019 to June 2024, income grew from $8.0m to $8.8m (+11%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 57%. 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, Cambridge Credit Counseling Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Jewish Service for the Development- Ally Disabled of Metro West Inc ($8.8m), Open Hearts ($8.8m) and Meadowlands Area Young Mens Christian Association ($8.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $1.0m (11% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $13.7m against liabilities of $4.8m, net assets of $8.9m. It reported 83 employees.