Consumer Federation of America Inc

Analysis

Consumer Federation of America Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Consumer Federation of America Inc reported income of $1.9m and spending of $3.7m, spending 197% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.9m (-39%), an average of -12% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 139% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Consumer Federation of America Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 66th percentile within DC. Charities of a similar size with the same main cause include Phantom Lake YMCA Camp Inc ($1.9m), Wesley Hills Dba the Embassy ($1.9m) and United Ashland Ministries Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $257k (6.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.8m against liabilities of $1.4m, net assets of $2.5m. It reported 26 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.