Christian Credit Counselors Inc

Analysis

Christian Credit Counselors Inc is a registered charity in United States, based in Sanford, NC. It received its IRS tax-exemption ruling in March 1994, 32 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, Christian Credit Counselors Inc reported income of $3.0m and spending of $2.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.0m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christian Credit Counselors Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Ican Missouri Foundation ($3.0m), Agape Love From Above to Our Community ($3.0m) and Center for Food Safety ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.5% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $541k (24% of expenses). Other salaries and wages came to $530k. At year end it held assets of $9.8m against liabilities of $404k, net assets of $9.4m. It reported 16 employees.