Consolidated Credit Solutions Inc

Analysis

Consolidated Credit Solutions Inc is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in December 1984, 42 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 January 2024, Consolidated Credit Solutions Inc reported income of $20.0m and spending of $20.0m, spending 100% of its income. Across the 6 years on record, from January 2019 to January 2024, income fell from $28.7m to $20.0m (-30%), an average of -6.9% a year. The sharpest change came in the year to January 2023, when income dropped by 24%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Consolidated Credit Solutions Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include H E R O E S Care Inc ($20.0m), Boone Center Inc ($20.1m) and Episcopal Church Home of Minnesota ($20.0m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 14% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $701k (3.5% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $5.9m against liabilities of $5.5m, net assets of $378k. It reported 158 employees.