Creative Netwerk

Analysis

Creative Netwerk is a registered charity in United States, based in Astoria, NY. It received its IRS tax-exemption ruling in May 2012, 14 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 June 2023, Creative Netwerk reported income of $320k and spending of $320k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $326k to $320k (-2.0%), an average of -0.5% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creative Netwerk sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Strides for Peace Inc ($320k), Faith and Funky Junk ($320k) and St Josephs Youth Camp Inc ($319k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Other salaries and wages came to $206k. At year end it held assets of $382k against liabilities of $7,078, net assets of $375k. It reported 19 employees.