Create Arts Center Inc

Analysis

Create Arts Center Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 1988, 38 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Create Arts Center Inc reported income of $592k and spending of $732k, spending 124% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $345k to $592k (+72%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Create Arts Center Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Modernist Archive Inc ($592k), Historic Fox Theatre Restorations ($592k) and Opera Birmingham ($592k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $75k (10% of expenses). Other salaries and wages came to $207k. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $46k. It reported 10 employees.