Consumer Financial Education Foundation of America

Analysis

Consumer Financial Education Foundation of America is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in February 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 (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, Consumer Financial Education Foundation of America reported income of $364k and spending of $314k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $469k to $364k (-22%), an average of -6.2% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Consumer Financial Education Foundation of America sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Athens County Foster Parent Assn ($364k), NW Sarcoma Foundation a Non-Profit Corporation ($364k) and Irondequoit Community Cupboard Inc ($364k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $70k (22% of expenses). Other salaries and wages came to $81k. At year end it held assets of $136k against liabilities of $339k, net assets of -$203k. It reported 5 employees.