Newark Center for Creative Learning Inc

Analysis

Newark Center for Creative Learning Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in March 1974, 52 years ago. 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 June 2024, Newark Center for Creative Learning Inc reported income of $1.1m and spending of $1.2m, spending 110% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $924k to $1.1m (+15%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Newark Center for Creative Learning Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within DE. Charities of a similar size with the same main cause include Coalition for a Better Chinese American Community ($1.1m), Rocky Mountain Tissue Bank ($1.1m) and Jackson County Interfaith Volunteer Caregivers Inc ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 7.4% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $186k (16% of expenses). At year end it held assets of $1.6m against liabilities of $75k, net assets of $1.5m. It reported 31 employees.