Creative Ministries Inc

Analysis

Creative Ministries Inc is a registered charity in United States, based in Kill Devil HL, NC. It received its IRS tax-exemption ruling in February 1979, 47 years ago. 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, Creative Ministries Inc reported income of $115k and spending of $110k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $115k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creative Ministries Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 38th percentile within NC. Charities of a similar size with the same main cause include National Ambucs Inc ($115k), Wisconsin Hero Outdoors Inc ($115k) and Los Gatos Lions Charities Inc ($115k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $75k against liabilities of $16k, net assets of $59k.