Consumer Credit Counseling Service of the Midwest Inc

Analysis

Consumer Credit Counseling Service of the Midwest Inc is a registered charity in United States, based in Gahanna, OH. It received its IRS tax-exemption ruling in July 1968, 58 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 2023, Consumer Credit Counseling Service of the Midwest Inc reported income of $2.9m and spending of $3.5m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $2.9m (-35%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 35%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Consumer Credit Counseling Service of the Midwest Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Wesley Hospice LLC ($2.9m), Blue Skies for Children Inc ($2.9m) and Model Cities of St Paul Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $586k (17% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.3m against liabilities of $1.5m, net assets of $3.7m. It reported 31 employees.