Creative Arts Team Inc

Analysis

Creative Arts Team Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2003, 23 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 June 2023, Creative Arts Team Inc reported income of $72k and spending of $69k, spending 95% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $47k to $72k (+54%), an average of +54% a year. The sharpest change came in the year to June 2023, when income rose by 54%. Over the whole period it spent 116% 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 Team Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within NY. Charities of a similar size with the same main cause include South Valley Symphony Association Inc ($72k), Cheai Research Inc ($72k) and Sonoma County Philharmonic ($72k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $9,456 against liabilities of $22k, net assets of -$13k.