The Foundation for the Spiritual Practice of Creativity

Analysis

The Foundation for the Spiritual Practice of Creativity is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in May 2015, 11 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, The Foundation for the Spiritual Practice of Creativity reported income of $249k and spending of $254k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $165k to $249k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, The Foundation for the Spiritual Practice of Creativity sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Lyman Heritage Preservationfoundation Inc ($249k), Arcadia Music Club ($249k) and Georgia Writers Museum Inc ($249k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $197k (78% of expenses). At year end it held assets of $13k against liabilities of $0, net assets of $13k.