Rushmore Consumer Credit Resource Center

Analysis

Rushmore Consumer Credit Resource Center is a registered charity in United States, based in Rapid City, SD. It received its IRS tax-exemption ruling in July 1974, 52 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, Rushmore Consumer Credit Resource Center reported income of $348k and spending of $354k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $672k to $348k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. 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, Rushmore Consumer Credit Resource Center sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within SD. Charities of a similar size with the same main cause include Friends of Potrero Hill Nursery ($348k), Jewish Family Services of Ulster County ($348k) and Sapibon Foundation Inc ($348k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $82k (23% of expenses). Other salaries and wages came to $103k. At year end it held assets of $1.1m against liabilities of $219k, net assets of $908k. 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.