Creative Minds NYC Inc

Analysis

Creative Minds NYC Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Creative Minds NYC Inc reported income of $925k and spending of $944k, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $656k to $925k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Minds NYC Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include American Dance Competition Inc ($925k), Historic Albany Foundation Inc ($925k) and The Bronx Documentary Center ($925k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% and program service revenue 3.4% of the total. Other salaries and wages came to $518k. At year end it held assets of $678k against liabilities of $41k, net assets of $637k. It reported 119 employees.