Credit Restoration Institute

Analysis

Credit Restoration Institute is a registered charity in United States, based in N Chesterfld, VA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 Restoration Institute reported income of $169k and spending of $185k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $198k to $169k (-15%), an average of -15% a year. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Credit Restoration Institute sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Jordan McNair Foundation Inc ($169k), Women of Color Breast Cancer Survivors Support Project ($169k) and Wye River Group ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 10% of the total. At year end it held assets of $19k against liabilities of $36k, net assets of -$17k.