Overview
What is American Credit Counseling Service Inc?
American Credit Counseling Service Inc is a nonprofit organization that specializes in budget and credit counseling. Their primary mission is to assist financially distressed individuals, particularly those with low income, through debt management and mediation services. The organization offers comprehensive financial education, budget counseling, and maintains a toll-free hotline for seeking help. Notably, 75% of their clients benefit from their services at reduced or no cost. American Credit Counseling Service Inc plays a vital role in supporting individuals struggling with financial difficulties, providing them with essential tools and guidance for financial stability.
Official website here: www.accs.org
Is American Credit Counseling Service Inc legitimate?
American Credit Counseling Service Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Credit Counseling Service 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: $73,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,388
For more financial information, click here
Official website here: www.accs.org
What is the mission statement of American Credit Counseling Service Inc?
American Credit Counseling Service Inc's mission revolves around providing budget and credit counseling services. They aim to assist financially distressed individuals, with a significant focus on low-income clients. Their offerings include debt management and mediation, as well as financial education and budget counseling. Furthermore, they operate a toll-free hotline for client assistance. Approximately 75% of their clients receive these services at reduced or no cost.
Official website here: www.accs.org
Who is the CEO of American Credit Counseling Service Inc?
Michael L Edgar is the Vice Preside of American Credit Counseling Service Inc.
Official website here: www.accs.org
What is the revenue of American Credit Counseling Service Inc?
American Credit Counseling Service Inc's revenue in 2022 was $180,907.
Official website here: www.accs.org
Who are the executives of American Credit Counseling Service Inc and what are their salaries?
The average compensation at American Credit Counseling Service Inc during 2022 was $29,783. There are 3 employees at American Credit Counseling Service Inc.
Here are 10 key members and their salaries:
- Compensation: $39,681
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- Compensation: $34,279
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Official website here: www.accs.org
Where can I find the form 990 for American Credit Counseling Service Inc?
American Credit Counseling Service Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.accs.org
Learn more at the official website: www.accs.org
Mission Statement of American Credit Counseling Service Inc
American Credit Counseling Service, a nonprofit organization, is dedicated to providing budget and credit counseling services. Their mission is to assist financially distressed individuals, with a significant portion of their clientele belonging to the low-income bracket. The organization offers a variety of services, including debt management and mediation, aimed at helping individuals regain financial stability. One of their key offerings is financial education, which equips individuals with the necessary skills to manage their finances effectively. Additionally, they provide budget counseling, guiding individuals on how to allocate their income efficiently. American Credit Counseling Service also operates a toll-free hotline, offering a convenient and accessible platform for seeking financial advice. Notably, 75% of their clients benefit from their services at reduced or no cost, reflecting their commitment to financial inclusivity.
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Impact
October, 2024
American Credit Counseling Service Inc has a significant impact on financially distressed individuals, particularly those with low income. By offering budget and credit counseling services, they help clients manage their financial challenges through debt management and mediation. This support not only assists individuals in navigating their financial difficulties but also promotes financial education and responsible budgeting practices.
The organization's toll-free hotline provides accessible support, ensuring that individuals can seek help regardless of their circumstances. Notably, around 75% of the clients receive services at reduced or no charge, making financial assistance available to those who might otherwise be unable to afford it. This commitment to affordability enhances the organization's effectiveness in addressing the needs of vulnerable populations, fostering better financial literacy and stability within the community. Through these efforts, American Credit Counseling Service Inc plays a crucial role in empowering individuals to regain control over their finances and improve their overall quality of life.
This information is meant to be a general summary of American Credit Counseling Service 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.
- Program Service Revenue: $60,796
- Gross Receipts: $180,907
Assets and Liabilities:
- Total Assets: $75,808
- Total Liabilities: $101,782
- Net Assets: -$25,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MAINTENANCE PAYMENTS
Revenue
$37,789
FAIR SHARE BILLING AND DEDUCT
Revenue
$17,536
PAY DAY LOAN COUNSELING
Revenue
$4,440
CLIENT FEES
Revenue
$1,031
Organization Details
Founding Year
1992
Phone
(508) 643-4445Principal Officer
Michael L Edgar
Main Address
4 TAUNTON STREET SUITE 5, PLAINVILLE, MA, 02762
Website
www.accs.orgNTEE Category
Code: Z99 - Unknown
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