One Club for Creativity Inc

Analysis

One Club for Creativity Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1992, 34 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 July 2023, One Club for Creativity Inc reported income of $14.9m and spending of $10.5m, leaving 30% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $10.2m to $14.9m (+45%), an average of +9.8% a year. The sharpest change came in the year to July 2023, when income rose by 29%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, One Club for Creativity Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include International Society of Automation ($14.9m), North Carolina Symphony Society Inc ($14.9m) and Utah Shakespearean Festival Foundation ($14.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 8.2% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $935k (8.9% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $29.8m against liabilities of $4.2m, net assets of $25.6m. It reported 49 employees.