Cub Creek Foundation Inc

Analysis

Cub Creek Foundation Inc is a registered charity in United States, based in Appomattox, VA. It received its IRS tax-exemption ruling in September 2002, 24 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 December 2023, Cub Creek Foundation Inc reported income of $120k and spending of $141k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $120k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cub Creek Foundation Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within VA. Charities of a similar size with the same main cause include My World Discovery Museum ($120k), Waterloo Arts ($120k) and Shining Stars Network Inc ($120k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $70k against liabilities of $39k, net assets of $31k.