Creative Arts Workshops for Kids Inc

Analysis

Creative Arts Workshops for Kids Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Creative Arts Workshops for Kids Inc reported income of $1.8m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $1.8m (+21%), an average of +4.8% a year. The sharpest change came in the year to August 2021, when income rose by 45%. Over the whole period it spent 92% 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 Workshops for Kids Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Narrows Center for the Arts Inc ($1.8m), Isev Inc ($1.8m) and Wonderlab-Museum of Science Health & Technology Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $259k (15% of expenses). Other salaries and wages came to $928k. At year end it held assets of $1.3m against liabilities of $90k, net assets of $1.2m. It reported 47 employees.