Consumer Education Services Inc

Analysis

Consumer Education Services Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in January 1999, 27 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 June 2023, Consumer Education Services Inc reported income of $5.4m and spending of $6.0m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.4m to $5.4m (-36%), an average of -10% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Consumer Education Services Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NC. Charities of a similar size with the same main cause include Seniors Council of Santa Cruz and San Benito Counties ($5.4m), Executive Child Development Center ($5.4m) and People with Ideas of Love Liberty Acceptance and Respect -Pillar ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $451k (7.6% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $23.0m against liabilities of $911k, net assets of $22.1m. It reported 61 employees.