Credit Research Foundation Inc

Analysis

Credit Research Foundation Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in March 1957, 69 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Credit Research Foundation Inc reported income of $1.5m and spending of $1.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.5m (-4.3%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Credit Research Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include C C D S Foundation ($1.5m), Riverside Healthcare Foundation ($1.5m) and Family Service Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $357k (22% of expenses). Other salaries and wages came to $437k. At year end it held assets of $1.4m against liabilities of $574k, net assets of $869k. It reported 6 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.