Creative Ability Development Inc

Analysis

Creative Ability Development Inc is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in October 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 (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 Ability Development Inc reported income of $421k and spending of $491k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $450k to $421k (-6.4%), an average of -1.6% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Ability Development Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Owasso Band Patrons Club ($421k), Colonial Flag Foundation ($421k) and Arhoolie Foundation ($421k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $129k (26% of expenses). Other salaries and wages came to $159k. At year end it held assets of $1.0m against liabilities of $389k, net assets of $656k. It reported 28 employees.