Creative Capital Foundation

Analysis

Creative Capital Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1998, 28 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 June 2023, Creative Capital Foundation reported income of $9.5m and spending of $6.7m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $9.5m (+78%), an average of +16% a year. The sharpest change came in the year to June 2023, when income rose by 86%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Creative Capital Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include International Agri-Center ($9.5m), Bootheel Area Independent Living Services Inc ($9.5m) and Methodist Manor Inc ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $511k (7.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $12.7m against liabilities of $1.6m, net assets of $11.1m. It reported 21 employees.