National Foundation for Consumer Credit Inc

Analysis

National Foundation for Consumer Credit Inc is a registered charity in United States, based in Parkersburg, WV. It received its IRS tax-exemption ruling in July 1974, 52 years ago. 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, National Foundation for Consumer Credit Inc reported income of $715k and spending of $614k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $715k (+47%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Foundation for Consumer Credit Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 73rd percentile within WV. Charities of a similar size with the same main cause include Boys and Girls Club of Southeast Kansas Inc ($715k), The Incarnation Foundation ($715k) and Atlantic Highlands Fire Department Inc ($715k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $64k (10% of expenses). Other salaries and wages came to $264k. At year end it held assets of $2.4m against liabilities of $2.2m, net assets of $237k. It reported 10 employees.