Is Debt Education And Certification Foundation Legit?

Quick charity verification for Debt Education And Certification Foundation (EIN: 202870155)

Verdict: Debt Education And Certification Foundation appears trustworthy

85/100Mission Score
$1.9MRevenue
$1.7MAssets
2Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

Debt Education And Certification Foundation demonstrates consistent financial activity, with revenues and expenses generally in the range of $1.6 million to $2.5 million over the past decade. The organization's assets have remained relatively stable, fluctuating between $1.7 million and $2.2 million. A notable aspect of their financial health is the consistent reporting of 0% officer compensation across all available filings, which suggests a strong commitment to directing funds towards the organization's mission rather than executive salaries. However, the organization has frequently reported expenses exceeding revenue, such as in 202312 where expenses were $1,787,433 against revenues of $1,643,959, and in 202012 where expenses were $2,343,312 against revenues of $2,074,186. This trend of operating at a deficit in several periods could indicate a reliance on prior year surpluses or other funding mechanisms to cover operational costs, which warrants further investigation into their long-term financial sustainability strategy. The consistent asset base despite these deficits suggests careful management of existing resources or other non-revenue income streams.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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