Kre8ive Fine Arts Academy Inc

Analysis

Kre8ive Fine Arts Academy Inc is a registered charity in United States, based in Energy, IL. It received its IRS tax-exemption ruling in February 2014, 12 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 December 2023, Kre8ive Fine Arts Academy Inc reported income of $149k and spending of $114k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $248k to $149k (-40%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 58% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Kre8ive Fine Arts Academy Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Save Harlem Now ($149k), Full Power Wisdom Inc ($149k) and Theater on the Ridge ($149k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 51% of the total. At year end it held assets of $226k against liabilities of $0, net assets of $226k.