Family Credit Counseling Service Inc

Analysis

Family Credit Counseling Service Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in August 1996, 30 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, Family Credit Counseling Service Inc reported income of $5.9m and spending of $6.2m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.6m to $5.9m (-11%), an average of -2.8% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Credit Counseling Service Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Crisis Center Inc ($5.9m), Samaritan Inns Inc ($5.9m) and United South End Settlements ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $679k (11% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $8.7m against liabilities of $1.3m, net assets of $7.3m. It reported 56 employees.