Quick charity verification for Allen Credit & Debt Counseling Agency (EIN: 203413292)
Verdict: Allen Credit & Debt Counseling Agency appears trustworthy
85/100Mission Score
$1.1MRevenue
$351KAssets
2Red Flags
3Strengths
Red Flags
Declining asset base from $599,478 in 201606 to $350,779 currently
Expenses ($895,487) slightly exceeded revenue ($889,078) in the most recent 202206 filing
Strengths
Consistent reporting of 0% officer compensation across all filings, indicating high efficiency and dedication to mission
Significant reduction in liabilities from $704,052 in 201306 to $296,885 in 202206
Generally stable revenue generation over the past decade, averaging over $1 million annually
Spending Breakdown
How Allen Credit & Debt Counseling Agency allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Allen Credit & Debt Counseling Agency
Is Allen Credit & Debt Counseling Agency a legitimate charity?
Based on AI analysis of IRS 990 filings, Allen Credit & Debt Counseling Agency (EIN: 203413292) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Allen Credit & Debt Counseling Agency a good charity to donate to?
Allen Credit & Debt Counseling Agency has a Mission Score of 85/100. Revenue: $1.1M. Assets: $351K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Allen Credit & Debt Counseling Agency?
The Employer Identification Number (EIN) for Allen Credit & Debt Counseling Agency is 203413292. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Allen Credit & Debt Counseling Agency spend its money?
Allen Credit & Debt Counseling Agency allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Allen Credit & Debt Counseling Agency's tax-exempt status?
You can verify Allen Credit & Debt Counseling Agency's tax-exempt status using EIN 203413292 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Allen Credit & Debt Counseling Agency demonstrates consistent financial activity, with revenues generally exceeding expenses over the past decade, indicating operational stability. For instance, in 202106, revenue was $1,340,879 against expenses of $1,236,940. However, the most recent filing (202206) shows expenses ($895,487) slightly exceeding revenue ($889,078), leading to a minor deficit. The organization's assets have seen a gradual decline from a high of $599,478 in 201606 to $350,779 currently, while liabilities have also decreased significantly from a high of $704,052 in 201306 to $296,885 in 202206. This reduction in liabilities is a positive sign, but the shrinking asset base warrants attention. The consistent reporting of 0% officer compensation across all filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, which is a significant positive for transparency and efficiency.