Universal Childrens Creations Art Academy

Analysis

Universal Childrens Creations Art Academy is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in September 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, Universal Childrens Creations Art Academy reported income of $866k and spending of $910k, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $382k to $866k (+127%), an average of +51% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Universal Childrens Creations Art Academy sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within NV. Charities of a similar size with the same main cause include Pacific Boychoir Academy ($866k), Jazz Empowers ($866k) and Hamilton Wood Type & Printing Museum Inc ($865k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $104k (11% of expenses). Other salaries and wages came to $272k. At year end it held assets of $912k against liabilities of $33k, net assets of $879k. It reported 75 employees.