Creative Childrens Academy

Analysis

Creative Childrens Academy is a registered charity in United States, based in Palatine, IL. It received its IRS tax-exemption ruling in November 1982, 44 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 2024, Creative Childrens Academy reported income of $7.0m and spending of $6.4m, spending 91% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $5.3m to $7.0m (+32%), an average of +5.7% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Creative Childrens Academy sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Chicago Tech Academy ($7.0m), New Jersey City University Foundation Inc ($7.0m) and Pride Academy Charter School ($7.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 4.9% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $217k (3.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $13.5m against liabilities of $6.0m, net assets of $7.5m. It reported 78 employees.