Credit Restoration Institute is located in N Chesterfield, VA. The organization was established in 2019. According to its NTEE Classification (F60) the organization is classified as: Counseling, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Restoration Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Credit Restoration Institute generated $198.2k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $199.9k during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DONATIONS
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $198,238 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $198,238 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $163,196 |
| Professional fees and other payments to independent contractors | $2,151 |
| Occupancy, rent, utilities, and maintenance | $2,582 |
| Printing, publications, postage, and shipping | $834 |
| Other expenses | $31,169 |
| Total expenses | $199,932 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,262 |
| Other assets | $0 |
| Total assets | $22,740 |
| Total liabilities | $23,048 |
| Net assets or fund balances | -$308 |