Creative Haverhill Inc

Analysis

Creative Haverhill Inc is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in May 1987, 39 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 June 2023, Creative Haverhill Inc reported income of $319k and spending of $98k, leaving 69% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $202k to $319k (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 176%. Over the whole period it spent 41% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creative Haverhill Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Proactive Project Inc ($319k), Christian Sports International ($319k) and Catholic Charities-The Palms at University Inc ($319k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $26k (26% of expenses). At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.