Abacus Credit Counseling
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,131,583 | 1,486,802 | 1,644,781 | 25.2 | 48% |
| 2012 | 2,929,815 | 2,312,274 | 617,541 | 20.5 | 54% |
| 2013 | 2,099,398 | 2,061,542 | 37,856 | 25.1 | 59% |
| 2014 | 2,269,598 | 1,946,190 | 323,408 | 31.0 | 54% |
| 2015 | 2,228,989 | 1,924,881 | 304,108 | 30.2 | 51% |
| 2016 | 2,199,480 | 2,069,516 | 129,964 | 30.8 | 54% |
| 2017 | 2,420,788 | 2,111,559 | 309,229 | 34.9 | 54% |
| 2018 | 2,582,535 | 2,038,983 | 543,552 | 35.1 | 59% |
| 2019 | 2,353,501 | 2,105,889 | 247,612 | 38.2 | 58% |
| 2020 | 2,077,678 | 2,265,504 | −187,826 | 37.6 | 59% |
| 2021 | 2,039,579 | 2,221,161 | −181,582 | 38.2 | 60% |
| 2022 | 2,591,697 | 2,088,384 | 503,313 | 38.0 | 62% |
| 2023 | 2,780,220 | 2,061,982 | 718,238 | 42.2 | 64% |
In its most recent public year (2023), this organization brought in $718,238 more than it spent. Its reserves stood at about 42.2 months of spending, up from 25.2 in 2011. Staff pay was 64% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Abacus Credit Counseling's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works