Credit Abuse Resistance Education

Analysis

Credit Abuse Resistance Education is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in June 2016, 10 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Credit Abuse Resistance Education reported income of $61k and spending of $61k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $641k to $61k (-91%), an average of -44% a year. The sharpest change came in the year to December 2020, when income dropped by 77%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Credit Abuse Resistance Education sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 23rd percentile within VA. Charities of a similar size with the same main cause include Sheboygan Falls Main Street Foundation Inc ($61k), Hue Community Inc ($61k) and Ebenezer Kingdom Builders Inc ($61k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $183k against liabilities of $7,628, net assets of $175k.

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.