Creative Kids Learning Academy III Inc

Analysis

Creative Kids Learning Academy III Inc is a registered charity in United States, based in Waldwick, NJ. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Creative Kids Learning Academy III Inc reported income of $847k and spending of $844k, spending 100% of its income. Across the 6 years on record, from December 2014 to December 2023, income grew from $151k to $847k (+461%), an average of +41% a year. The sharpest change came in the year to December 2019, when income rose by 273%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Creative Kids Learning Academy III Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Creative Living Inc ($847k), Homes for Children Corporation ($847k) and Art of Yoga Project ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $189k (22% of expenses). Other salaries and wages came to $411k. At year end it held assets of $305k against liabilities of $209, net assets of $305k. It reported 30 employees.