Creative Minds Adp Inc

Analysis

Creative Minds Adp Inc is a registered charity in United States, based in Van Nuys, CA. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Creative Minds Adp Inc reported income of $4.8m and spending of $4.9m, spending 102% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $2.6m to $4.8m (+80%), an average of +12% a year. The sharpest change came in the year to August 2022, when income rose by 38%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Creative Minds Adp Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Center for Domestic Peace ($4.8m), The Arc of Ouachita ($4.8m) and Safe Harbor Crisis Center ($4.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $366k (7.5% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $991k against liabilities of $158k, net assets of $832k. It reported 158 employees.