Center for the Creative Arts Inc

Analysis

Center for the Creative Arts Inc is a registered charity in United States, based in Yorklyn, DE. It received its IRS tax-exemption ruling in May 1983, 43 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, Center for the Creative Arts Inc reported income of $553k and spending of $524k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $553k (+69%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Center for the Creative Arts 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 72nd percentile, and in the 67th percentile within DE. Charities of a similar size with the same main cause include Model T Ford Club of America ($553k), Beaumont Heritage Society ($553k) and International Printing Museum Foundation ($553k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $67k (13% of expenses). Other salaries and wages came to $84k. At year end it held assets of $771k against liabilities of $196k, net assets of $574k. It reported 7 employees.