Creative Arts for Kids Inc

Analysis

Creative Arts for Kids Inc is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in May 1979, 47 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 May 2024, Creative Arts for Kids Inc reported income of $268k and spending of $262k, spending 98% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $248k to $268k (+8.1%), an average of +2.0% a year. The sharpest change came in the year to May 2021, when income dropped by 23%. Over the whole period it spent 98% 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 Arts for Kids Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Art Active Inc ($268k), Kelly Music for Life ($268k) and Academy of Ballet Arts Inc ($268k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 6.0% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $50k (19% of expenses). Other salaries and wages came to $118k. At year end it held assets of $175k against liabilities of $88k, net assets of $88k. It reported 14 employees.