Credit Counseling of Arkansas Inc

Analysis

Credit Counseling of Arkansas Inc is a registered charity in United States, based in Fayetteville, AR. It received its IRS tax-exemption ruling in November 2024, 2 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 June 2021, Credit Counseling of Arkansas Inc reported income of $920k and spending of $1.0m, spending 111% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income grew from $776k to $920k (+19%), an average of +8.9% a year. The sharpest change came in the year to June 2020, when income rose by 69%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Credit Counseling of Arkansas 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 78th percentile, and in the 80th percentile within AR. Charities of a similar size with the same main cause include Good Measure International Incorporated ($919k), Cornerstone House of Santa Barbara Inc ($920k) and Marland Childrens Home Inc ($919k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 52% and program service revenue 32% of the total. Other salaries and wages came to $691k. At year end it held assets of $887k against liabilities of $243k, net assets of $644k. It reported 15 employees.