Creativets

Analysis

Creativets is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in January 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 June 2023, Creativets reported income of $1.4m and spending of $1.3m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $398k to $1.4m (+262%), an average of +38% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creativets sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Fort Collins Museum of Discovery Nonprofit Partner ($1.4m), Robert C Maynard Institute for Journalism Education ($1.4m) and Sun Radio Foundation ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $109k (8.7% of expenses). Other salaries and wages came to $292k. At year end it held assets of $1.2m against liabilities of $628k, net assets of $602k. It reported 10 employees.