National Debt Management Inc

Analysis

National Debt Management Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in October 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, National Debt Management Inc reported income of $877k and spending of $851k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.1m to $877k (-18%), an average of -6.5% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Debt Management Inc 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 MI. Charities of a similar size with the same main cause include Morgan County System of Services Inc ($877k), Urban Community Alliance Inc ($877k) and Noah S Ark Child & Family Treatment Center Inc ($877k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $39k (4.6% of expenses). Other salaries and wages came to $315k. At year end it held assets of $70k against liabilities of $39k, net assets of $31k. It reported 7 employees.