Consumer Action Network

Analysis

Consumer Action Network is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Action Network reported income of $306k and spending of $273k, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $163k to $306k (+87%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 4161%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Consumer Action Network sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 36th percentile within DC. Charities of a similar size with the same main cause include Heritage Museum of Asian Art ($306k), Texas Surgical Society ($306k) and Financial Wellness Institute Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $51k (19% of expenses). Other salaries and wages came to $80k. At year end it held assets of $629k against liabilities of $0, net assets of $629k. It reported 5 employees.