Creston-Arts Inc

Analysis

Creston-Arts Inc is a registered charity in United States, based in Creston, IA. It received its IRS tax-exemption ruling in August 1977, 49 years ago. 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, Creston-Arts Inc reported income of $94k and spending of $82k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $96k to $94k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to December 2020, when income rose by 184%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creston-Arts Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 33rd percentile within IA. Charities of a similar size with the same main cause include Madera Rotary Foundation ($94k), PTA North Carolina Congress ($94k) and Concerns of Police Survivors ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 8.0% of the total. At year end it held assets of $615k against liabilities of $0, net assets of $615k.