Advantage Credit Counseling Service Inc

Analysis

Advantage Credit Counseling Service Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in May 2002, 24 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, Advantage Credit Counseling Service Inc reported income of $2.2m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.2m (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income dropped by 19%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Advantage Credit Counseling Service Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include A Greener World ($2.2m), United States Catholic Conference ($2.2m) and The Serenity Foundation of Seven Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $164k (7.6% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.0m against liabilities of $355k, net assets of $1.6m. It reported 30 employees.