Association of Independent Consumer Credit Counseling Agencies Inc

Analysis

Association of Independent Consumer Credit Counseling Agencies Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 1998, 28 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, Association of Independent Consumer Credit Counseling Agencies Inc reported income of $346k and spending of $337k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $286k to $346k (+21%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Association of Independent Consumer Credit Counseling Agencies Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Village Project ($346k), Lindell Study Center ($346k) and Free Rein Therapeutic Riding ($346k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.0% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $116k (34% of expenses). At year end it held assets of $481k against liabilities of $32k, net assets of $449k. It reported 1 employees.