College for Creative Studies

Analysis

College for Creative Studies is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1957, 69 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, College for Creative Studies reported income of $94.5m and spending of $97.3m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $84.2m to $94.5m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, College for Creative Studies sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Millikin University ($94.5m), Juniata College ($94.7m) and Jubilee Academic Center Inc ($94.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $1.6m (1.6% of expenses). Other salaries and wages came to $26.2m. It paid $56k in professional fundraising fees. At year end it held assets of $271.7m against liabilities of $47.8m, net assets of $223.8m. It reported 1,146 employees.