Akron Creative Inc

Analysis

Akron Creative Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in November 2007, 19 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 December 2023, Akron Creative Inc reported income of $462k and spending of $498k, spending 108% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $268k to $462k (+73%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Akron Creative Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include MCCT Inc ($462k), International Clarinet Association ($462k) and New Orleans Pharmacy Museum Ltd ($462k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $85k (17% of expenses). Other salaries and wages came to $141k. At year end it held assets of $438k against liabilities of $48k, net assets of $390k. It reported 7 employees.