Creative Enterprise Zone

Analysis

Creative Enterprise Zone is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Enterprise Zone reported income of $269k and spending of $346k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $352k to $269k (-23%), an average of -6.5% a year. The sharpest change came in the year to December 2021, when income rose by 98%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Creative Enterprise Zone sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within MN. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($269k), Lewisburg Downtown Partnership ($270k) and NYC Hospitality Alliance Impact Foundation Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $96k (28% of expenses). It paid $14k in professional fundraising fees. At year end it held assets of $257k against liabilities of $56k, net assets of $200k. It reported 1 employees.