Debt Management Credit Counseling Corp

Analysis

Debt Management Credit Counseling Corp is a registered charity in United States, based in Plantation, FL. It received its IRS tax-exemption ruling in September 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 December 2023, Debt Management Credit Counseling Corp reported income of $1.8m and spending of $2.0m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.3m to $1.8m (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Debt Management Credit Counseling Corp sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Neema Village Tanzania Inc ($1.8m), South County Compassion Center ($1.8m) and Pa Women Work an Affiliate of the National Network for Womens ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $157k (7.8% of expenses). Other salaries and wages came to $827k. At year end it held assets of $885k against liabilities of $971k, net assets of -$86k. It reported 16 employees.