Consumer Bankruptcy Assistance Project Inc

Analysis

Consumer Bankruptcy Assistance Project Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 Bankruptcy Assistance Project Inc reported income of $242k and spending of $249k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $161k to $242k (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Consumer Bankruptcy Assistance Project Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include Memphremagog Senior Citizen Housing Inc ($242k), Read Aloud West Virginia Inc ($242k) and Kingco Conference ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $88k (35% of expenses). Other salaries and wages came to $82k. At year end it held assets of $295k against liabilities of $212k, net assets of $84k. It reported 2 employees.