Consumer Debt Counselors Inc

Analysis

Consumer Debt Counselors Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Consumer Debt Counselors Inc reported income of $1.5m and spending of $1.5m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $1.5m (+5.8%), an average of +1.4% a year. The sharpest change came in the year to September 2022, when income dropped by 21%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Consumer Debt Counselors Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within FL. Charities of a similar size with the same main cause include Festival Center Inc ($1.5m), Precinct2gether Inc ($1.5m) and Charleston Recovery Center Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $17k (1.2% of expenses). Other salaries and wages came to $714k. At year end it held assets of $1.8m against liabilities of $466k, net assets of $1.3m. It reported 16 employees.