Community Credit Lab

Analysis

Community Credit Lab is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in April 2020, 6 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 December 2023, Community Credit Lab reported income of $302k and spending of $667k, spending 221% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $202k to $302k (+49%), an average of +8.3% a year. The sharpest change came in the year to September 2022, when income rose by 154%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Credit Lab sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include G & J Johnson Foster Home Foundation No 1 Inc ($302k), Angel Care Homes Inc ($302k) and Marita Theisen Childcare Center ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $7.7m against liabilities of $2.4m, net assets of $5.3m.