Credit Card Management Services Inc

Analysis

Credit Card Management Services Inc is a registered charity in United States, based in West Palm Beach, FL. It received its IRS tax-exemption ruling in February 1997, 29 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, Credit Card Management Services Inc reported income of $3.4m and spending of $3.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.7m to $3.4m (-6.6%), an average of -1.7% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Credit Card Management Services Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Three Rivers Adoption Council ($3.4m), Sentinel Foundation ($3.4m) and Child Development Center Inc ($3.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $234k (7.1% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.4m against liabilities of $976k, net assets of $5.4m. It reported 44 employees.