Washington, D.C. · Nonprofit
NATIONAL FOUNDATION FOR CREDIT COUNSELING INC
NATIONAL FOUNDATION FOR CREDIT COUNSELING INC (Washington, D.C.) receives grants from 8 organizations whose IRS filings report $10,493,453 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,218,453). 4 of them have funded it in more than one year.
- Revenue FY2024
- $8.6M
- Funders on record
- 8
- Grants received
- $10M
- Net assets
- $3.7M
What National Foundation for Credit Counseling Inc does
Mission
To lead a national movement that better equips americans to manage their financial futures and, in turn, advances the economy and our nation as a whole. Founded in 1951, the national foundation for credit counseling (nfcc) is the oldest nonprofit dedicated to improving people's financial well-being. With 52 member agencies and over 1,200 nfcc certified credit counselors serving 50 states and all u.s. Territories, our nfcc certified credit counselors are financial advocates, empowering millions of consumers to take charge of their finances through one-on-one financial reviews that address credit card debt, student loans, housing decisions, and overall money management.
As stated on its FY2024 Form 990.
Programs
Membership support: foster member communications; hold member meetings and annual conference; provide counselor certification; provide a path to assistance for consumers via the consumer's preferred method (currently phone and online form, while building-out video and digital entry options). Maintain relationships with credit-granting organizations to support clients and member organizations, build awareness for mission through media outreach.
$3,851,834 spentof which $49,654 as grants59% of program spendingHousing counseling: develop and maintain partnerships with coalition of hud intermediaries, including mortgage lenders and servicers, to help members assist consumers with pre-home ownership (pre-purchase) counseling, post-purchase cousenling to help ensure that new owners can remain in their homes, eviction (for renters) and foreclosure prevention
$1,899,774 spentof which $1,030,789 as grants$5,122,747 earned by the program29% of program spendingGeneral financial education: develop and support financial education for consumers; develop partnerships with other organizations to address the need for personal financial literacy. Nfcc member agencies have provided education and assistance to 35 million people since 2006.
$527,821 spentof which $330,290 as grants8% of program spendingOther program services, not described on the e-filed return.
$233,130 spentof which $127,568 as grants4% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $6,512,559.
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 2017 to 2018, from $12M to $5.5M (−53%).
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: 2017 18% · 2018 6% · 2019 10% · 2020 17% · 2021 11% · 2022 28% · 2023 25% · 2024 9%. Grants only. Government contracts and fees sit inside program revenue.
39% of NATIONAL FOUNDATION FOR CREDIT COUNSELING INC’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. 5 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.
Chief executive
Michael Croxson
CEO
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $200k → $2.8M.
1 of 8 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of NATIONAL FOUNDATION FOR CREDIT COUNSELING INC’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
NATIONAL FOUNDATION FOR CREDIT COUNSELING INC leans on a few funders — its largest provides 40% of grant income and the top three 83%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
42% 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 NATIONAL FOUNDATION FOR CREDIT COUNSELING INC.
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 74% · 2021 69% · 2022 51% · 2023 74% — diversifying over time.
“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.
How long its funders stay
50% of NATIONAL FOUNDATION FOR CREDIT COUNSELING INC's funders are still giving 3 years after their first grant; 50% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
NATIONAL FOUNDATION FOR CREDIT COUNSELING INC draws 58% of its grant income from funders outside Washington, D.C., across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $10k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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
NATIONAL FOUNDATION FOR CREDIT COUNSELING INC's funding base is broadening — from 1 funders to 2 as grant income climbed.
this organization peer median middle 50% of peers· 11,274 human services nonprofits $1M–$10M, FY2024
Government funding NATIONAL FOUNDATION FOR CREDIT COUNSELING INC receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $7.5M on record.
- Department of Housing and Urban Development$7.5M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like NATIONAL FOUNDATION FOR CREDIT COUNSELING INC
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 Washington, D.C.
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
72% of spending goes to programs.
Governance
Public support
84%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for NATIONAL FOUNDATION FOR CREDIT COUNSELING INC: 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 NATIONAL FOUNDATION FOR CREDIT COUNSELING INC?
- NATIONAL FOUNDATION FOR CREDIT COUNSELING INC (Washington, D.C.) receives grants from 8 organizations whose IRS filings report $10,493,453 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,218,453). 4 of them have funded it in more than one year.
- How many funders does NATIONAL FOUNDATION FOR CREDIT COUNSELING INC have?
- IRS filings report 8 organizations giving $10,493,453 in grants to NATIONAL FOUNDATION FOR CREDIT COUNSELING INC, 4 of which have funded it in more than one year.
- Who is the largest funder of NATIONAL FOUNDATION FOR CREDIT COUNSELING INC?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $4,218,453 in grants. The full list of funders is on this page.
- How can an organization like NATIONAL FOUNDATION FOR CREDIT COUNSELING INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Washington, D.C.. 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 8 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 22, 2026. What this page cannot tell you · view filing