Nonprofit · EIN 26-0678503
ABACUS CREDIT COUNSELING
Tax-exempt · ENCINO, CA 91436
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,995,231 | $2,521,477 | $473,754 | $9,395,376 | $149,669 | $9,245,707 |
| December 31, 2024 | 990 | $2,409,694 | $2,233,514 | $176,180 | $7,945,538 | $113,096 | $7,832,442 |
| December 31, 2023 | 990 | $2,780,220 | $2,061,982 | $718,238 | $7,365,257 | $113,874 | $7,251,383 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,398,158
- Investment income
- $589,527
- Net gain from sales of assets
- $344,151
- Other revenue
- $7,546
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $542,361
- Other salaries and wages
- $1,057,630
- Salaries, compensation and benefits (total)
- $1,805,922
- Professional fundraising fees
- $0
- Occupancy
- $1,322
- Travel
- $4,468
- Depreciation
- $9,964
- Program services (functional)
- $1,748,270
- Management and general (functional)
- $773,207
Balance sheet and other
- Total assets, start of year
- $7,945,538
- Total assets, end of year
- $9,395,376
- Total liabilities, end of year
- $149,669
- Net assets, end of year
- $9,245,707
- Land, buildings and equipment
- $611
- Publicly traded securities
- $9,151,239
- Net assets without donor restrictions
- $9,245,707
- Gross receipts
- $3,952,335
- Employees
- 37
- Year formed
- 2007
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA AHART | CEO Officer | 40 | $294,036 | $23,137 |
| Kristina Ketchel | CFO Officer | 40 | $248,325 | $0 |
| HENKIE BARRON | Director Trustee or director | 1 | $0 | $0 |
| TOM YU | Director Trustee or director | 1 | $0 | $0 |
| Sheila Chanani | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA AHART | CEO Officer | 40 | $254,355 | $28,656 |
| Kristina Ketchel | CFO Officer | 40 | $215,000 | $0 |
| HENKIE BARRON | Director Trustee or director | 1 | $0 | $0 |
| TOM YU | Director Trustee or director | 1 | $0 | $0 |
| Sheila Chanani | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA AHART | CEO Officer | 40 | $249,875 | $25,736 |
| Kristina Ketchel | CFO Officer | 40 | $215,215 | $0 |
| HENKIE BARRON | Director Trustee or director | 1 | $0 | $0 |
| TOM YU | Director Trustee or director | 1 | $0 | $0 |
| Sheila Chanani | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 15760 VENTURA BLVD STE 700, ENCINO, CA 91436-3016
- In care of
- % LAURA M AHART
- Signed the 990
- LAURA AHART, CEO
- Phone
- (800) 516-3834
- Website
- WWW.ABACUSCC.ORG
- Return prepared by
- Kevin Lam CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 26-0678503 or by the name ABACUS CREDIT COUNSELING.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO TEACH AND DISSEMINATE EDUCATIONAL MATERIAL TO THE PUBLIC, INCLUDING BUT NOT LIMITED TO, MATERIAL RELATING TO PERSONAL FINANCE, FINANCIAL PLANNING, AND CONSUMER CREDIT.
Program accomplishments
- ABACUS CREDIT COUNSELING ProvideD credit counseling to NEARLY 100,000 individuals IN 2025, WITHOUT REGARD TO THEIR ABILITY TO PAY. ITS COUNSELING PROGRAM EDUCATES INDIVIDUALS ON FINANCIAL TOPICS SUCH AS BUDGETING, MONEY MANAGEMENT, BANKRUPTCY AND OTHER FINANCIAL PROBLEMS. MANY OF THESE INDVIDUALS COMPLETED ABACUS' CREDIT COUNSELING COURSE AND RECEIVED A CERTIFICATE OF COMPLETION THAT MAY BE FILED AS PART OF A BANKRUPTCY CASE TO DEMONSTRATE THAT THE INDIVIDUAL FULFILLED THE COUNSELING REQUIREMENT SET FORTH IN CHAPTER 11 USC SECTION 109(H).Expenses $1,733,270 · revenue $2,398,158
- ABACUS SUPPORTS THE EFFORTS OF OTHER 501(C)(3) NON-PROFIT ORGANIZATIONS THROUGH DONATIONS APPROVED BY THE BOARD OF DIRECTORS. ABACUS SEEKS TO BENEFIT ORGANIZATIONS THAT ASSIST ABACUS' TARGET POPULATION AND/OR FURTHER A MISSION THAT IS COMPLIMENTARY TO ABACUS'S MISSION.Expenses $15,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-0678503
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $9,395,376
- Income (IRS master file)
- $3,952,335
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,995,231 | $2,521,477 | $9,395,376 | XML |
| 990 | December 2024 | $2,409,694 | $2,233,514 | $7,945,538 | XML |
| 990 | December 2023 | $2,780,220 | $2,061,982 | $7,365,257 | XML |
| 990 | December 2022 | $2,591,697 | $2,088,384 | $6,687,119 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-0678503).
Questions about ABACUS CREDIT COUNSELING
- What is the EIN of ABACUS CREDIT COUNSELING?
- The employer identification number (EIN) of ABACUS CREDIT COUNSELING is 26-0678503.
- Is ABACUS CREDIT COUNSELING tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to ABACUS CREDIT COUNSELING tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ABACUS CREDIT COUNSELING file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ABACUS CREDIT COUNSELING due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ABACUS CREDIT COUNSELING last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of ABACUS CREDIT COUNSELING?
- The 990 for the year ended December 31, 2025 lists 5 people; 2 received compensation from the organization, the highest $294,036 (LAURA AHART, CEO).
- How much revenue does ABACUS CREDIT COUNSELING have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,995,231, expenses of $2,521,477 and total assets of $9,395,376 at year end.
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