Center for Creative Economy

Analysis

Center for Creative Economy is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Center for Creative Economy reported income of $256k and spending of $312k, spending 122% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $250k to $256k (+2.4%), an average of +0.6% a year. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Center for Creative Economy sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 57th percentile within NC. Charities of a similar size with the same main cause include Ripon Main Street Inc ($256k), Lifeline Community Development Corporation of Merced County ($256k) and Arsenal Place ($256k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $81k (26% of expenses). Other salaries and wages came to $116k. At year end it held assets of $146k against liabilities of $88k, net assets of $59k. It reported 5 employees.