Allen Credit & Debt Counseling Agency

Analysis

Allen Credit & Debt Counseling Agency is a registered charity in United States, based in Wolsey, SD. It received its IRS tax-exemption ruling in March 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 June 2022, Allen Credit & Debt Counseling Agency reported income of $889k and spending of $895k, spending 101% of its income. Across the 4 years on record, from June 2019 to June 2022, income fell from $1.3m to $889k (-34%), an average of -13% a year. The sharpest change came in the year to June 2022, when income dropped by 34%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Allen Credit & Debt Counseling Agency sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within SD. Charities of a similar size with the same main cause include Womens Crisis Support Team ($889k), Hope Counseling and Behavioral Health Center Inc ($889k) and Ripon Childrens Learning Center Inc ($889k).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (4.7% of expenses). Other salaries and wages came to $401k. At year end it held assets of $414k against liabilities of $297k, net assets of $117k. It reported 15 employees.