Community Credit Counseling Corporation

Analysis

Community Credit Counseling Corporation is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 March 2024, Community Credit Counseling Corporation reported income of $59k and spending of $61k, spending 104% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $78k to $59k (-25%), an average of -6.8% a year. The sharpest change came in the year to March 2022, when income dropped by 24%. Over the whole period it spent 110% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Credit Counseling Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 30th percentile within NJ. Charities of a similar size with the same main cause include Wilton Kiwanis Foundation Inc ($59k), Grainfield Community Development Committee ($59k) and Belmont Chinese American Association ($59k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 36% and program service revenue 64% of the total. Other salaries and wages came to $9,400. At year end it held assets of $4,430 against liabilities of $104k, net assets of -$99k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.