Cultivating Creative Minds

Analysis

Cultivating Creative Minds is a registered charity in United States, based in Canyon Cntry, CA. It received its IRS tax-exemption ruling in June 2011, 15 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 June 2023, Cultivating Creative Minds reported income of $68k and spending of $43k, leaving 36% of income unspent that year. Across the 3 years on record, from June 2020 to June 2023, income fell from $239k to $68k (-72%), an average of -47% a year. The sharpest change came in the year to June 2022, when income dropped by 81%. Over the whole period it spent 103% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cultivating Creative Minds sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Returning Soldiers Speak ($68k), Lakewood Young Filmmakers Academy ($68k) and Wellington Farm Park Inc ($68k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.