Consumer Credit of Des Moines

Analysis

Consumer Credit of Des Moines is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in April 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, Consumer Credit of Des Moines reported income of $1.1m and spending of $1.3m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.1m (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Consumer Credit of Des Moines sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within IA. Charities of a similar size with the same main cause include Susanna Wesley Family Learning Center Inc ($1.1m), Let Grow Inc ($1.1m) and Sunshine Corners Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $313k (24% of expenses). Other salaries and wages came to $401k. At year end it held assets of $2.1m against liabilities of $422k, net assets of $1.7m. It reported 15 employees.