Debt Education and Certification Foundation

Analysis

Debt Education and Certification Foundation is a registered charity in United States, based in Benbrook, TX. It received its IRS tax-exemption ruling in January 2007, 19 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, Debt Education and Certification Foundation reported income of $1.6m and spending of $1.8m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.6m (-32%), an average of -9.1% a year. The sharpest change came in the year to December 2021, when income dropped by 21%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Debt Education and Certification Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Familytime Crisis and Counseling Center ($1.6m), Fostering Media Connections ($1.6m) and Alpha House of Pinellas County Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $311k (17% of expenses). Other salaries and wages came to $658k. At year end it held assets of $2.0m against liabilities of $1.1m, net assets of $933k. It reported 24 employees.