Center of Creative Arts

Analysis

Center of Creative Arts is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 1986, 40 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 August 2023, Center of Creative Arts reported income of $5.4m and spending of $7.8m, spending 145% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $8.3m to $5.4m (-35%), an average of -10% a year. The sharpest change came in the year to August 2021, when income rose by 68%. Over the whole period it spent 171% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center of Creative Arts sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MO. Charities of a similar size with the same main cause include Cityserve International ($5.4m), Pittsburgh Conference on Analytic Chemistry & Applied Spectroscopy ($5.4m) and Oakleaf Endowment TR Fbo Minnesota Orchestra 063097 ($5.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $231k (3.0% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $21.9m against liabilities of $13.3m, net assets of $8.7m. It reported 285 employees.