Creative Lives Inc

Analysis

Creative Lives Inc is a registered charity in United States, based in Thetford, VT. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2023, Creative Lives Inc reported income of $151k and spending of $249k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $389k to $151k (-61%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. 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, Creative Lives Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 38th percentile within VT. Charities of a similar size with the same main cause include Iaapa Foundation ($151k), Umbau Inc ($151k) and Home Sweet Home Community Redevelopment Co ($151k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.8% of the total. Other salaries and wages came to $85k. At year end it held assets of $55k against liabilities of $0, net assets of $55k. It reported 2 employees.