Creative Ministries Inc

Analysis

Creative Ministries Inc is a registered charity in United States, based in Oakdale, NY. It received its IRS tax-exemption ruling in May 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Creative Ministries Inc reported income of $1.1m and spending of $1.4m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $704k to $1.1m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 107%. Over the whole period it spent 122% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creative Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Union Christian Academy Inc ($1.1m), Christian Community Health Fellowship Inc ($1.1m) and Circle School ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $75k (5.5% of expenses). Other salaries and wages came to $247k. At year end it held assets of $474k against liabilities of $240k, net assets of $234k. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.