Credit Abuse Resistance Education

Nonprofit profile at a glance

EIN
810788458
IRS 990-EZ coverage
2022–2024
Forms available
Form 990 2021, Form 990-EZ 2024
Location
Alexandria, VA, USA
Phone
7038945981
Rating
53
Verdict
MIXED
Rating confidence
Moderate
Sector
Community Service Clubs

Reported finances

Revenue
$48,327
Expenses
$24,879
Assets
$205,805
Liabilities
$5,292

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • DAN FISHER (CHAIR)
  • TED KING (TREASURER)
  • PATRICK CLISHAM (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Care's mission is to educate individuals, with a focus on young adults, on responsible use of credit and the fundamentals of financial literacy, as well as the potential consequences of poor money management and credit abuse.

What it reported doing in 2024

Care is a free financial literacy initiative that makes experienced members of the bankruptcy and business community available to make presentations on basic financial management skills to high schools, colleges and other groups. They are made during individual classroom periods or to larger student groups such as student assemblies, either in person or virtually. Care's primary target is high school seniors and college freshmen that are most at risk because they are driven by high college costs to incur unsustainable student loan debt and marketed by the credit card industry at a time when they carry a very low financial i.q. Care also works to develop educational materials about financial literacy to be distributed to the public, as well as developing and providing financial literacy education through its website.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 19
  • Transparency & Controls: 100
  • Sustainability: 78
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14%; rating input score 14
  • Program expense ratio: 27.2%; rating input score 27

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 48.5%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 8.27; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -115.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -20.1% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -17.2% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 14% of revenue deployed · 27.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $7K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 14/100.
  • High — Financial Efficiency: Program expense ratio scored 27/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.