Credit Counseling Center

Analysis

Credit Counseling Center is a registered charity in United States, based in Richboro, PA. It received its IRS tax-exemption ruling in August 1994, 32 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, Credit Counseling Center reported income of $501k and spending of $511k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $616k to $501k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Credit Counseling Center sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 68th percentile within PA. Charities of a similar size with the same main cause include Touchstone Farm Inc ($501k), Billys Place Inc ($501k) and Fiesta Educativa Inc ($501k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 40% of the total. Other salaries and wages came to $338k. At year end it held assets of $587k against liabilities of $11k, net assets of $577k. It reported 12 employees.