American Credit Counseling Institute Inc

Analysis

American Credit Counseling Institute Inc is a registered charity in United States, based in Andreas, PA. It received its IRS tax-exemption ruling in July 1996, 30 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, American Credit Counseling Institute Inc reported income of $210k and spending of $304k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $484k to $210k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 138%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Credit Counseling Institute Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Deaf & Hard of Hearing Services Center Inc ($210k), Kearney Buffalo County Casa ($210k) and Life Connections ($210k).

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 $146k (48% of expenses). At year end it held assets of $113k against liabilities of $1,588, net assets of $112k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.