Creative Pinellas Incorporated

Analysis

Creative Pinellas Incorporated is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Creative Pinellas Incorporated reported income of $1.7m and spending of $1.8m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.7m (+65%), an average of +13% a year. The sharpest change came in the year to September 2022, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Creative Pinellas Incorporated sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Children and Nutrition Inc ($1.7m), Adolescent Adjustment Center NFP ($1.7m) and Professional Dairy Producers Foundation Inc ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $136k (7.7% of expenses). Other salaries and wages came to $409k. At year end it held assets of $670k against liabilities of $155k, net assets of $515k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.