Credit Advisors Foundation

Analysis

Credit Advisors Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in September 1992, 34 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, Credit Advisors Foundation reported income of $2.6m and spending of $1.8m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.6m (+130%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Credit Advisors Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within NE. Charities of a similar size with the same main cause include Jeremiahs Inn Inc ($2.6m), Morris County Organization for Hispanic Affairs Inc ($2.6m) and Open Table Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $218k (12% of expenses). Other salaries and wages came to $676k. At year end it held assets of $5.9m against liabilities of $622k, net assets of $5.2m. It reported 18 employees.