Creative Minds International Public Charter School

Analysis

Creative Minds International Public Charter School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Creative Minds International Public Charter School reported income of $19.2m and spending of $15.8m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.5m to $19.2m (+67%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Creative Minds International Public Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 93rd percentile within DC. Charities of a similar size with the same main cause include Northern Illinois University Foundation ($19.2m), Oakridge School Inc ($19.2m) and Hudson Arts and Science Charter School ($19.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $668k (4.2% of expenses). Other salaries and wages came to $9.0m. At year end it held assets of $46.2m against liabilities of $40.8m, net assets of $5.4m. It reported 189 employees.