Institute for Credentialing Excellence

Analysis

Institute for Credentialing Excellence is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1980, 46 years ago. 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, Institute for Credentialing Excellence reported income of $3.0m and spending of $2.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.0m (+13%), an average of +3.1% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Institute for Credentialing Excellence sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 73rd percentile within DC. Charities of a similar size with the same main cause include Forgotten Felines of Sonoma County ($3.0m), West Montgomery Educational Foundation ($3.0m) and Community Movement Builders Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.9% and program service revenue 96% of the total. At year end it held assets of $2.7m against liabilities of $1.2m, net assets of $1.6m.