Creative Arts Inc

Analysis

Creative Arts Inc is a registered charity in United States, based in Crystal Lake, IL. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Creative Arts Inc reported income of $256k and spending of $252k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $212k to $256k (+21%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Arts Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Friends of the National Museum of the American Latino Inc ($256k), Artz for the Harp Corporation ($256k) and Hart Choir Booster Club ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. At year end it held assets of $68k against liabilities of $0, net assets of $68k.