Consumer Credit Counseling Inc

Analysis

Consumer Credit Counseling Inc is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in July 1974, 52 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 December 2023, Consumer Credit Counseling Inc reported income of $748k and spending of $947k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $748k (+5.1%), an average of +1.3% a year. The sharpest change came in the year to December 2020, when income rose by 32%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Consumer Credit Counseling Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 64th percentile within PR. Charities of a similar size with the same main cause include Sheet Metal Workers Union Joint Apprenticeship & Training Co ($748k), Camden County Historical Society ($748k) and Virginia Network for Victims and Witnesses of Crime Inc ($748k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $139k (15% of expenses). Other salaries and wages came to $294k. At year end it held assets of $510k against liabilities of $199k, net assets of $310k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.