Creative Education Inc

Analysis

Creative Education Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in March 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Creative Education Inc reported income of $2.1m and spending of $1.9m, spending 91% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.1m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Creative Education Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Gardner School ($2.1m), Dynamic Dyslexia Design the 3-D School ($2.1m) and Seminary Bnos Chaim ($2.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 86% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $2.4m against liabilities of $749k, net assets of $1.7m. It reported 46 employees.