Creative Spirit Center Inc

Analysis

Creative Spirit Center Inc is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in December 1995, 31 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 December 2023, Creative Spirit Center Inc reported income of $592k and spending of $529k, spending 89% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $371k to $592k (+59%), an average of +9.8% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Creative Spirit Center Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Dr Henele S Energetic Health Institute Corp ($591k), Main Street Montessori Association ($592k) and Shelburne Craft School Inc ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $79k (15% of expenses). Other salaries and wages came to $123k. At year end it held assets of $1.3m against liabilities of $717k, net assets of $547k. It reported 7 employees.