California · Nonprofit
DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT
DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT (California) receives grants from 2 organizations whose IRS filings report $203,000 to it, the largest being FOUNDATION FOR FINANCIAL PLANNING INC ($193,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $2.6M
- Funders on record
- 2
- Grants received
- $203k
- Net assets
- $110k
What Debtwave Credit Counseling Inc Dba San Diego Financial Literacy Cent does
Mission
It is our commitment to educate on the proper use of credit through budget management, to offer sound counseling and to assist clients to reduce and eliminate debt. We educate and empower individuals and families to make sound financial decisions and develop positive personal finance habits for life.
As stated on its FY2024 Form 990.
Programs
The organization provides one on one counseling sessions for their clients. Through this service, each client receives a detailed review of all liabilities, assets, monthly expenses and monthly income. At the conclusion of each session clients receive a detailed financial analysis report with a list of possible options to pay back their debt. 1,904 counseling sessions were completed in 2024.
$2,099,368 spent$2,113,486 earned by the program98% of program spendingThe organization has a robust education and outreach which is built around a comprehensive personal financial education platformthat focuses on the overall financial health of its constituents, including members of the military, youth and low-moderate income families. The organization uses a macro approach toward transforming people's financial behavior in a way that encourages them to make a long-term commitment to increasing income, decreasing expenses and acquiring assets.the organization provides services across key areas: financial literacy, debt management,budgeting and credit counseling which are integrated together along with ancillary services provided by community partners in the areas of employment/workforce development and financial education/advisement. All of these services are provided to clients in a bundled fashion to reinforce one another and to forge a multi-faceted approach to overall financial fitness.
$53,076 spentof which $20,000 as grants$113,251 earned by the program2% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $2,152,444.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $1.6M to $1.0M (−38%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 8% · 2023 17%. Grants only. Government contracts and fees sit inside program revenue.
21% of DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT’s revenue is contributions — about as donation-reliant as the typical peer (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Antony Murigu
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 2 funders to 1 funder, grant income fell $35k → $20k.
From the IRS filings of DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT leans on a few funders — its largest provides 95% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT.
Largest funder’s share by year: 2017 71% · 2018 100% · 2019 100% · 2020 100% · 2021 100% · 2022 100% · 2023 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT draws 95% of its grant income from funders outside California, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT's revenue fell 42% between 2017 and 2024.
this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024
Organizations like DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
82% of spending goes to programs.
Governance
Public support
88%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Screen this organization
A dated, signed PDF of the compliance screen for DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT?
- DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT (California) receives grants from 2 organizations whose IRS filings report $203,000 to it, the largest being FOUNDATION FOR FINANCIAL PLANNING INC ($193,000). 1 of them have funded it in more than one year.
- How many funders does DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT have?
- IRS filings report 2 organizations giving $203,000 in grants to DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT, 1 of which have funded it in more than one year.
- Who is the largest funder of DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT?
- FOUNDATION FOR FINANCIAL PLANNING INC is the largest funder on record, with $193,000 in grants. The full list of funders is on this page.
- How can an organization like DEBTWAVE CREDIT COUNSELING INC DBA SAN DIEGO FINANCIAL LITERACY CENT find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 2 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing