Credit & Debt Management Institute

Analysis

Credit & Debt Management Institute is a registered charity in United States, based in Bolivar, TN. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Credit & Debt Management Institute reported income of $306k and spending of $412k, spending 135% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $357k to $306k (-14%), an average of -14% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Credit & Debt Management Institute sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within TN. Charities of a similar size with the same main cause include 1365 College Avenue Housing Development Fund Corporation ($306k), Lock Towns Residential Facilities Inc ($306k) and Los Jardines Inc ($306k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (4.4% of expenses). Other salaries and wages came to $53k. At year end it held assets of $53k against liabilities of $52k, net assets of $936. It reported 6 employees.