Create Foundation Inc

Analysis

Create Foundation Inc is a registered charity in United States, based in Tupelo, MS. It received its IRS tax-exemption ruling in December 1972, 54 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Create Foundation Inc reported income of $22.2m and spending of $14.5m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.5m to $22.2m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2020, when income dropped by 44%. Over the whole period it spent 63% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Create Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within MS. Charities of a similar size with the same main cause include Heart of Florida United Way ($22.2m), Ocean Reef Foundation Inc ($22.4m) and Hampton Roads Community Foundation ($22.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $378k (2.6% of expenses). Other salaries and wages came to $613k. At year end it held assets of $167.1m against liabilities of $0, net assets of $167.1m. It reported 10 employees.