Creativity Place Inc

Analysis

Creativity Place Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in September 1986, 40 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Creativity Place Inc reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.1m to $1.6m (+45%), an average of +13% a year. The sharpest change came in the year to July 2022, when income rose by 23%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Creativity Place Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within KS. Charities of a similar size with the same main cause include Boulder Montessori School ($1.6m), Center Place Restoration Church ($1.6m) and The Rabbi David L Silver Yeshiva Academy ($1.6m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 7.5% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $29k (1.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $881k against liabilities of $74k, net assets of $808k. It reported 64 employees.