Credential Engine Inc

Analysis

Credential Engine Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 2016, 10 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, Credential Engine Inc reported income of $3.8m and spending of $3.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $3.8m (+12%), an average of +2.8% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Credential Engine Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 76th percentile within DC. Charities of a similar size with the same main cause include Park Childrens Day School ($3.8m), Yeshiva Nachlei Torah Inc ($3.8m) and Florida Southwestern State College Financing Corporation ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $800k (22% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $4.1m against liabilities of $238k, net assets of $3.8m. It reported 19 employees.