Consumers Credit Counseling Service Of Rochester Inc
Rochester Credit Counseling Service reports $929,520 operating deficit in latest fiscal year despite strong asset base.
EIN: 160972260 · Rochester, NY · NTEE: P51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $4.1M |
| Program Spending | 75% |
| Net Assets | $6.1M |
| Transparency Score | 75/100 |
Is Consumers Credit Counseling Service Of Rochester Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Consumers Credit Counseling Service Of Rochester Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Consumers Credit Counseling Service Of Rochester Inc
Consumers Credit Counseling Service Of Rochester Inc (EIN: 160972260) is a nonprofit organization based in Rochester, NY, classified under NTEE code P51. The organization reported total revenue of $3.9M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Consumers Credit Counseling Service Of Rochester Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Consumers Credit Counseling Service Of Rochester Inc is a mid-size nonprofit that has been operating for 6 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-929,520 |
| Total Assets | $7.5M |
| Total Liabilities | $1.4M |
| Net Assets | $6.1M |
| Operating Margin | -29.1% |
| Debt-to-Asset Ratio | 19.1% |
| Months of Reserves | 22.0 months |
Financial Health Grade: B
In 2023, Consumers Credit Counseling Service Of Rochester Inc reported a deficit of $930K with expenses exceeding revenue, holds 22.0 months of operating reserves (strong position), has a debt-to-asset ratio of 19.1% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Consumers Credit Counseling Service Of Rochester Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -11.7% | +19.6% | -7.3% |
| 2022 | +4.1% | +8.8% | +3.0% |
| 2021 | +9.0% | +0.2% | +6.0% |
| 2020 | -1.2% | +2.6% | -42.9% |
| 2019 | +24.2% | +13.6% | +62.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Consumers Credit Counseling Service Of Rochester Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Consumers Credit Counseling Service Of Rochester Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $930K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.1%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting either that executive compensation is not paid, is reported under other expense categories, or is negligible. This indicates a high level of transparency regarding executive pay, or a structure where leadership is compensated through other means or volunteers their time.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Consumers Credit Counseling Service Of Rochester Inc's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (202312), with expenses exceeding revenue by $929,520.
- Revenue in 202312 ($3,189,728) is lower than the previous year's revenue ($3,612,508 in 202212), indicating a potential decline in funding or service demand.
Strengths
The following positive indicators were identified for Consumers Credit Counseling Service Of Rochester Inc:
- Strong asset base ($7,547,194 in 202312) relative to liabilities ($1,443,695), indicating financial stability.
- Consistent reporting of 0% officer compensation across all filings, suggesting high transparency regarding executive pay.
- Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and transparency.
- Maintained substantial revenue generation (consistently over $2 million annually) for over a decade.
Frequently Asked Questions about Consumers Credit Counseling Service Of Rochester Inc
Is Consumers Credit Counseling Service Of Rochester Inc a legitimate charity?
Consumers Credit Counseling Service Of Rochester Inc (EIN: 160972260) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.9M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Consumers Credit Counseling Service Of Rochester Inc spend its money?
Consumers Credit Counseling Service Of Rochester Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Consumers Credit Counseling Service Of Rochester Inc tax-deductible?
Consumers Credit Counseling Service Of Rochester Inc is registered as a tax-exempt nonprofit (EIN: 160972260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Consumers Credit Counseling Service Of Rochester Inc's spending goes to programs?
Consumers Credit Counseling Service Of Rochester Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Consumers Credit Counseling Service Of Rochester Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Consumers Credit Counseling Service Of Rochester Inc is above average for NTEE category P51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Consumers Credit Counseling Service Of Rochester Inc located?
Consumers Credit Counseling Service Of Rochester Inc is headquartered in Rochester, New York and files with the IRS under EIN 160972260. It is classified under NTEE code P51.
How many years of IRS 990 filings does Consumers Credit Counseling Service Of Rochester Inc have?
Consumers Credit Counseling Service Of Rochester Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $3.9M in total revenue.
Why did Consumers Credit Counseling Service Of Rochester Inc experience a significant operating deficit in 202312?
In the 202312 period, the organization's expenses totaled $4,119,248, while its revenue was $3,189,728, resulting in a deficit of $929,520. This contrasts with previous years where revenue generally exceeded expenses. A deeper dive into the detailed 990 filing would be needed to identify the specific causes, such as increased program costs, administrative overhead, or a decline in specific funding sources.
How does the organization maintain a strong asset base despite fluctuating revenues and recent operating losses?
As of 202312, the organization reported assets of $7,547,194 against liabilities of $1,443,695. This strong asset base, which has consistently been above $6 million for over a decade, suggests effective management of accumulated reserves from prior profitable years and potentially strategic investments. The recent operating loss, while significant, has not yet critically eroded the overall financial stability due to these existing reserves.
What is the long-term trend of the organization's financial health?
Over the past decade, Consumers Credit Counseling Service Of Rochester Inc has generally maintained stable revenues, mostly above $2.5 million, and managed its expenses to often achieve operating surpluses. While the 202312 filing shows a notable deficit, the overall trend indicates a resilient organization with a strong balance sheet, capable of weathering financial fluctuations, though the recent deficit warrants close monitoring for future sustainability.
Filing History
IRS 990 filing history for Consumers Credit Counseling Service Of Rochester Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Consumers Credit Counseling Service Of Rochester Inc's revenue has grown by 21.8%, moving from $2.6M to $3.2M. Total assets increased by 29% over the same period, from $5.8M to $7.5M. Total functional expenses rose by 47.1%, from $2.8M to $4.1M. In its most recent filing year (2023), Consumers Credit Counseling Service Of Rochester Inc reported a deficit of $930K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $7.5M in assets (debt-to-asset ratio: 19.1%), resulting in net assets of $6.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $4.1M | $7.5M | $1.4M | — | View 990 |
| 2022 | $3.6M | $3.4M | $8.1M | $1.4M | — | View 990 |
| 2021 | $3.5M | $3.2M | $7.9M | $356K | — | View 990 |
| 2020 | $3.2M | $3.2M | $7.5M | $666K | — | View 990 |
| 2019 | $3.2M | $3.1M | $13.1M | $6.7M | — | View 990 |
| 2018 | $2.6M | $2.7M | $8.1M | $2.6M | — | View 990 |
| 2017 | $2.4M | $2.5M | $7.8M | $1.7M | — | View 990 |
| 2016 | $2.3M | $2.3M | $6.8M | $1.0M | — | View 990 |
| 2015 | $2.0M | $2.4M | $6.4M | $959K | — | View 990 |
| 2014 | $2.7M | $2.3M | $6.4M | $366K | — | View 990 |
| 2013 | $2.4M | $2.3M | $6.2M | $355K | — | View 990 |
| 2012 | $2.6M | $2.2M | $6.1M | $342K | — | View 990 |
| 2011 | $2.6M | $2.8M | $5.8M | $519K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $4.1M, and assets of $7.5M (revenue -11.7% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.4M, and assets of $8.1M (revenue +4.1% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.2M, and assets of $7.9M (revenue +9.0% year-over-year).
- 2020: Revenue of $3.2M, expenses of $3.2M, and assets of $7.5M (revenue -1.2% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.1M, and assets of $13.1M (revenue +24.2% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.7M, and assets of $8.1M (revenue +7.4% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.5M, and assets of $7.8M (revenue +5.5% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.3M, and assets of $6.8M (revenue +12.1% year-over-year).
- 2015: Revenue of $2.0M, expenses of $2.4M, and assets of $6.4M (revenue -24.0% year-over-year).
- 2014: Revenue of $2.7M, expenses of $2.3M, and assets of $6.4M (revenue +13.4% year-over-year).
- 2013: Revenue of $2.4M, expenses of $2.3M, and assets of $6.2M (revenue -7.9% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.2M, and assets of $6.1M (revenue -1.7% year-over-year).
- 2011: Revenue of $2.6M, expenses of $2.8M, and assets of $5.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Consumers Credit Counseling Service Of Rochester Inc:
Data Sources and Methodology
This transparency report for Consumers Credit Counseling Service Of Rochester Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.