Engaging Creative Minds

Analysis

Engaging Creative Minds is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Engaging Creative Minds reported income of $1.6m and spending of $2.7m, spending 165% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.0m to $1.6m (+63%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 104%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Engaging Creative Minds sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within SC. Charities of a similar size with the same main cause include Mountain Brook Council PTO Inc ($1.6m), The Link School ($1.6m) and Academy of International Business ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $191k (7.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $341k against liabilities of $73k, net assets of $268k. It reported 294 employees.