Credo Inc

Analysis

Credo Inc is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in July 1973, 53 years ago. 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, Credo Inc reported income of $54k and spending of $60k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $71k to $54k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Credo Inc sits at the 21st percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within CA. Charities of a similar size with the same main cause include Palouse Community Center ($54k), The Veterans Family Brigade ($54k) and James R Franey Trust ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,230 against liabilities of $0, net assets of $2,230.