Credit Builders Alliance Inc

Analysis

Credit Builders Alliance Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover mutual and membership 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 Builders Alliance Inc reported income of $4.7m and spending of $4.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.7m (+109%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Credit Builders Alliance Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 79th percentile within DC. Charities of a similar size with the same main cause include Valley View Community Food Assistance ($4.7m), Gan Day Care Center ($4.7m) and Dow Bay Area Family Young Mens Christian Association ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $267k (6.0% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $8.5m against liabilities of $3.0m, net assets of $5.5m. It reported 33 employees.