Overview
What is National Consumer Law Center Inc?
The National Consumer Law Center Inc, located in Boston, Massachusetts, is a nonprofit organization dedicated to promoting economic opportunities for individuals with low incomes. Their mission encompasses increasing access to sustainable housing, homeownership, utilities, and car ownership. By advocating for reforms in fair lending and housing laws, they aim to reduce the barriers faced by low-income individuals in obtaining safe housing and essential transportation. Additionally, they focus on effective car ownership programs and combating misleading and discriminatory sales and lending practices. The organization's commitment to equity and racial justice is integral to their advocacy, as systemic racism in housing, mortgage, and auto lending has historically prevented consumers of color from accessing economic and wealth-building opportunities, perpetuating poverty, housing disparities, and a persistent wealth gap. The National Consumer Law Center's expertise in policy analysis, advocacy, publications, litigation, expert witness services, and training contributes to consumer justice and economic security for disadvantaged people in the U.S.
Official website here: www.nclc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 99%, Four-Star out of Four Star rating.
The National Consumer Law Center Inc has received a strong overall rating of 99%, indicative of their commitment to accountability and financial health. The organization boasts an impressive Accountability & Finance score of 100%, demonstrating effective governance practices, including a fully independent board and robust financial oversight. Their program expense ratio of 78.31% reflects a strong focus on programmatic spending, ensuring that a significant portion of their resources is directed toward their mission.
Additionally, the nonprofit has earned an 85% score in Culture & Community, highlighting their efforts in equity strategies and community engagement. The organization implements comprehensive policies that promote transparency and accountability, such as conflict of interest and whistleblower policies, which are crucial for maintaining stakeholder trust.
However, while the organization excels in many areas, there is always room for improvement in their community engagement strategies, as noted by the slightly lower score in this category compared to their financial metrics. Continued focus on enhancing their cultural impact will further strengthen their overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is National Consumer Law Center Inc legitimate?
National Consumer Law Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Consumer Law Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,114,037
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,055,531
For more financial information, click here
Official website here: www.nclc.org
What is the mission statement of National Consumer Law Center Inc?
The National Consumer Law Center works towards consumer justice and economic security for disadvantaged people in the United States. Through its expertise in policy analysis, advocacy, publications, litigation, expert witness services, and training, the organization strives to increase access to sustainable housing, homeownership, utilities, and car ownership for individuals with low incomes. It advocates for reforms to promote fair lending and housing laws, foreclosure avoidance programs, and affordable access to utilities. Additionally, the center focuses on effective car ownership programs and combats misleading and discriminatory sales and lending practices. The organization's advocacy is deeply rooted in advancing racial equity and justice, recognizing that systemic racism in housing, mortgage, and auto lending has historically prevented consumers of color from accessing economic opportunities, leading to persistent poverty, lack of housing, and significant economic consequences.
Official website here: www.nclc.org
Who is the CEO of National Consumer Law Center Inc?
Richard Dubois is the Executive Director of National Consumer Law Center Inc.
Official website here: www.nclc.org
What is the revenue of National Consumer Law Center Inc?
National Consumer Law Center Inc's revenue in 2022 was $12,493,790.
Official website here: www.nclc.org
Who are the executives of National Consumer Law Center Inc and what are their salaries?
The average compensation at National Consumer Law Center Inc during 2022 was $95,594. There are 75 employees and 13 volunteers at National Consumer Law Center Inc.
Here are 22 key members and their salaries:
- Compensation: $239,980
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- Other: $41,161
- Compensation: $205,823
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- Other: $21,523
- Compensation: $176,655
- Related: $0
- Other: $38,131
- Compensation: $175,001
- Related: $0
- Other: $38,810
- Compensation: $173,406
- Related: $0
- Other: $37,161
- Compensation: $175,522
- Related: $0
- Other: $29,974
- Compensation: $180,214
- Related: $0
- Other: $15,148
- Compensation: $179,851
- Related: $0
- Other: $15,198
- Compensation: $139,734
- Related: $0
- Other: $37,219
- Compensation: $141,718
- Related: $0
- Other: $27,108
- Compensation: $0
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Official website here: www.nclc.org
Where can I find the form 990 for National Consumer Law Center Inc?
National Consumer Law Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nclc.org
Learn more at the official website: www.nclc.org
Mission Statement of National Consumer Law Center Inc
The National Consumer Law Center Inc is a leading advocate for consumer justice and economic security for low-income and disadvantaged people in the United States. Through expertise in policy analysis, advocacy, publications, litigation, expert witness services, and training, this organization strives to promote economic opportunity and reduce the barriers faced by individuals with low incomes in obtaining essential services such as housing, utilities, and transportation.
In the realm of housing, the National Consumer Law Center Inc advocates for reforms that increase access to fair lending and housing laws, foreclosure avoidance programs, and affordable utilities. By addressing these issues, the organization aims to help people with low incomes overcome the challenges they face in securing safe housing and essential transportation. In addition, the Center prioritizes the advancement of equity and racial justice, recognizing that systemic racism in housing, mortgage, and auto lending has historically prevented consumers of color from accessing economic and wealth-building opportunities, leading to persistent poverty, a lack of housing, and a persistent wealth gap.
The National Consumer Law Center Inc also focuses on effective car ownership programs and combats misleading and discriminatory sales and lending practices. Cars are essential for many families to achieve economic mobility, and the organization works tirelessly to ensure that car ownership remains accessible and fair for all. By addressing these critical issues, the National Consumer Law Center Inc plays a vital role in promoting consumer justice and economic security for disadvantaged communities.
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Impact
October, 2024
The National Consumer Law Center Inc (NCLC) significantly impacts the lives of low-income individuals and families by advocating for equitable access to essential resources such as housing, utilities, and transportation. By developing and promoting reforms in fair lending and housing laws, NCLC helps reduce barriers that can prevent disadvantaged consumers from securing safe and affordable housing. Their efforts also include foreclosure avoidance programs, which play a crucial role in assisting individuals at risk of losing their homes, thereby promoting greater stability and economic security.
NCLC's focus on car ownership is particularly important for many low-income families, as reliable transportation is often essential for accessing jobs and services. By promoting effective car ownership programs and combating predatory lending and sales practices, NCLC works to ensure that all consumers, regardless of their income level, have fair opportunities to meet their transportation needs.
Moreover, NCLC's commitment to advancing equity and racial justice is a critical element of its advocacy. By addressing systemic racism within housing, mortgage, and auto lending, the organization strives to dismantle the longstanding barriers that have disproportionately affected consumers of color. Through its various initiatives, NCLC seeks to tackle issues such as the persistent wealth gap, higher poverty rates among marginalized communities, and overall community disinvestment.
Overall, NCLC's comprehensive approach—encompassing policy analysis, public advocacy, litigation support, and educational training—positions it as a vital force in promoting consumer justice and fostering economic security for some of the most vulnerable populations in the United States.
This information is meant to be a general summary of National Consumer Law Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $874,430
- Program Service Revenue: $6,349,326
- Gross Receipts: $17,765,396
Assets and Liabilities:
- Total Assets: $35,032,375
- Total Liabilities: $3,272,380
- Net Assets: $31,759,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ATTORNEY FEE AWARDS
Revenue
$3,153,506
PUBLICATIONS
Revenue
$2,214,487
CONFERENCES
Revenue
$740,045
RENTAL INCOME
Revenue
$210,261
ADVICE AND ASSISTANCE
Revenue
$26,468
Organization Details
Founding Year
1971
Phone
(617) 542-8010Principal Officer
Richard Dubois
Main Address
7 WINTHROP SQUARE 4TH FLOOR, BOSTON, MA, 021101006
Website
www.nclc.orgNTEE Category
Code: I80Z - Crime
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