Safeguard Credit Counseling Services Inc

Analysis

Safeguard Credit Counseling Services Inc is a registered charity in United States, based in Northport, NY. It received its IRS tax-exemption ruling in January 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Safeguard Credit Counseling Services Inc reported income of $1.3m and spending of $1.2m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.3m (-16%), an average of -4.2% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Safeguard Credit Counseling Services Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Healing Journey Inc ($1.3m), Services & Immigrant Rights & Education Network ($1.3m) and Windmark Sailing Foundation Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $324k (26% of expenses). Other salaries and wages came to $301k. At year end it held assets of $4.6m against liabilities of $4.2m, net assets of $461k. It reported 10 employees.