National Association for Debt Education & Assistance

Analysis

National Association for Debt Education & Assistance is a registered charity in United States, based in Park Ridge, IL. It received its IRS tax-exemption ruling in September 2013, 13 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 2022, National Association for Debt Education & Assistance reported income of $89k and spending of $251k, spending 282% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income fell from $1.1m to $89k (-92%), an average of -46% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 136% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, National Association for Debt Education & Assistance sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Walkin in My Shoes Inc ($89k), Crystal Run Owner Corp V ($89k) and Warm a Heart Community Outreach ($89k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 151% of the total. At year end it held assets of $342k against liabilities of $1.0m, net assets of -$662k.

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.