Consumer Credit Counseling of Springfield Missouri Inc

Analysis

Consumer Credit Counseling of Springfield Missouri Inc is a registered charity in United States, based in Springfield, MO. It received its IRS tax-exemption ruling in August 1989, 37 years ago. 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 June 2023, Consumer Credit Counseling of Springfield Missouri Inc reported income of $3.6m and spending of $3.8m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $440k to $3.6m (+710%), an average of +69% a year. The sharpest change came in the year to June 2022, when income rose by 1624%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Consumer Credit Counseling of Springfield Missouri Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MO. Charities of a similar size with the same main cause include Society of St Vincent de Paul of West Hillsborough County ($3.6m), Rape Victims Services Inc ($3.6m) and Bozeman Library Friends and Foundation ($3.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $82k (2.2% of expenses). Other salaries and wages came to $279k. At year end it held assets of $728k against liabilities of $143k, net assets of $585k. It reported 12 employees.