Logo for "NATIONAL FOUNDATION FOR CREDIT COUNSELING INC"

NATIONAL FOUNDATION FOR CREDIT COUNSELING INC

NATIONAL FOUNDATION FOR CREDIT COUNSELING INC

Washington, DC, US
501(c)3
EIN
53-0132493
Parent Organization
Logo for "NATIONAL FOUNDATION FOR CREDIT COUNSELING INC"

NATIONAL FOUNDATION FOR CREDIT COUNSELING INC

Washington, DC, US
501(c)3
EIN
53-0132493
Parent Organization

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$8,621,347

Program Services
59%
Contributions
30%
Government Grants
9%
Investments
1%
Fundraising Events
0%
Membership Dues
0%
Other
0%
Expenses in 2024

$8,989,733

Salaries & Benefits
39%
Advertising & Promotion
19%
Grants
17%
Offices, Occupancy & IT
12%
Other
8%
Fees to Service Providers
4%
Depreciation
1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$2,969,229
$2,555,529
-14%
Government Grants
$2,426,810
$818,585
-66%
Fundraising Events
$0
$0
-
Program Services
$4,327,336
$5,122,747
+18%
Membership Dues
$0
$0
-
Investments
$55,122
$124,486
+126%
Other
-$115,004
$0
-100%
Total Revenues
$9,663,493
$8,621,347
-11%
Expenses
2023
2024
Change
Grants
$3,336,321
$1,538,301
-54%
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,962,599
$3,505,945
+18%
Fees to Service Providers
$806,104
$403,951
-50%
Advertising & Promotion
$2,102,139
$1,663,524
-21%
Offices, Occupancy & IT
$1,150,555
$1,078,221
-6%
Interest
$0
$0
-
Depreciation
$133,974
$95,732
-29%
Other
$490,914
$704,059
+43%
Total Expenses
$10,982,606
$8,989,733
-18%
Net income
2023
2024
Change
Net income
-$1,319,113
-$368,386
+72%
Functional Expenses
Summary
2023
2024
Change
Program
$8,827,254
$6,512,559
-26%
Admin
$1,967,049
$2,116,083
+8%
Fundraising
$188,303
$361,091
+92%
Total Expenses
$10,982,606
$8,989,733
-18%
Income Statement
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