Public Charity

NATIONAL FOUNDATION FOR CREDIT COUNSELING INC

NATIONAL FOUNDATION FOR CREDIT COUNSELING INC is a Public Charity headquartered in WASHINGTON, DC. Financial data from the 2024 filing: $8.6M revenue, $9.0M expenses, $6.3M total assets. 5 publicly reported grants to this organization, totaling roughly $4.4M, appear in IRS filings.

EIN: 530132493 WASHINGTON, DC Financial Counseling NTEE: P51 Latest filing: 2024
Total Revenue$8.6M
Total Expenses$9.0M
Total Assets$6.3M
Grant Records5
Funding Total$4.4M
Filing Years2020–2024

Mission

TO LEAD A NATIONAL MOVEMENT THAT BETTER EQUIPS AMERICANS TO MANAGE THEIR FINANCIAL FUTURES AND, IN TURN, ADVANCES THE ECONOMY AND OUR NATION AS A WHOLE. FOUNDED IN 1951, THE NATIONAL FOUNDATION FOR CREDIT COUNSELING (NFCC) IS THE OLDEST NONPROFIT DEDICATED TO IMPROVING PEOPLE'S FINANCIAL WELL-BEING. WITH 52 MEMBER AGENCIES AND OVER 1,200 NFCC CERTIFIED CREDIT COUNSELORS SERVING 50 STATES AND ALL U.S. TERRITORIES, OUR NFCC CERTIFIED CREDIT COUNSELORS ARE FINANCIAL ADVOCATES, EMPOWERING MILLIONS OF CONSUMERS TO TAKE CHARGE OF THEIR FINANCES THROUGH ONE-ON-ONE FINANCIAL REVIEWS THAT ADDRESS CREDIT CARD DEBT, STUDENT LOANS, HOUSING DECISIONS, AND OVERALL MONEY MANAGEMENT.

Where $100 goes at National Foundation for Credit Counseling Inc

How National Foundation for Credit Counseling Inc divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$78 Programs the work itself
$19 Management running the organization
$3 Fundraising raising the next dollar

Inside the $78 for programs

$48
Membership support
61% of program spending
$24
Housing counseling
30% of program spending
$6
General financial education
9% of program spending · Reported in the filing: 35 people
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

TRUSTEE Amy Helen
SVP, MEDIA RELATIONS & MEMBERSHIP Bruce Mcclary
TRUSTEE Christopher Camaione-Lind
TRUSTEE Christopher Viale
CHAIR UNTIL 08/2024 Debbie Bianucci
TRUSTEE Eleanor Hohman

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$4,378,453 5 grants

Financial Trends

Year Revenue Expenses Assets
2024 $8.6M $9.0M $6.3M
2023 $9.7M $11.0M $7.7M
2022 $9.6M $10.0M $9.4M
2021 $8.8M $9.4M $8.2M
2020 $9.5M $8.7M $7.7M

Between 2020 and 2024, reported annual revenue declined from $9.5M to $8.6M (-10%), with total assets most recently reported at $6.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for NATIONAL FOUNDATION FOR CREDIT COUNSELING INC

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