Association for Financial Counselling & PLG Education USA

Analysis

Association for Financial Counselling & PLG Education USA is a registered charity in United States, based in Westerville, OH. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Association for Financial Counselling & PLG Education USA reported income of $2.7m and spending of $3.0m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Association for Financial Counselling & PLG Education USA 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 88th percentile, and in the 88th percentile within OH. Charities of a similar size with the same main cause include Ascend Foundation Inc ($2.7m), Council for Inclusive Capitalism Inc ($2.7m) and North Central Wisconsin Workforce Development Board ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $134k (4.5% of expenses). Other salaries and wages came to $919k. At year end it held assets of $3.6m against liabilities of $996k, net assets of $2.6m. It reported 17 employees.