Credo Inc
- Assets
- $7.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Vista, CA
- Founding
- 07/1973
- Data as of
- 12/2022
- EIN
- 23-7300058
Organization Overview
Credo Inc is located in Vista, CA. The organization was established in 1973. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credo Inc 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, Credo Inc generated $71.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (23.2%) each year. All expenses for the organization totaled $76.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.0%) per year over the past 2 years. 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
CREDO IS AN ACRONYM FOR "CATHOLIC RENEWAL, ENRICHMENT AND DEVELOPMENT ORGANIZATION".IN 2022 CREDO SERVED THE COMMUNITY BY PROVIDING GRANTS FOR THE FOLLOWING ACTIVITIES:- CATHOLIC RETREATS- CHILDREN'S CATHOLIC EDUCATION CLASSES- CAMPUS MINISTRIES- MONTHLY CATHOLIC LEADERSHIP MEETINGS- HEALTH CARE FINANCIAL AID FOR CRITICALLY ILL PARENTS- MONTHLY RENT SUPPORT FOR 11 FAMILIES- EMERGENCY RENT AND UTILITY PAYMENT ASSISTANCE- CHRISTMAS AID FOR NEEDY FAMILIES- EMERGENCY CAR REPAIR AID- GAS CARDS FOR TRANSPORTATION TO HOSPITAL- EMERGENCY FOOD FOR NEEDY FAMILIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Mcdonnell President | 4 | $0 | |
Randinne Mcdonnell Secretary/treas | 2 | $0 | |
Mary Kyne Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,294 |
| 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 | $71,294 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $850 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $20 |
| Total expenses | $76,494 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,612 |
| Other assets | $0 |
| Total assets | $7,612 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,612 |