Creative Life Incorporated

Analysis

Creative Life Incorporated is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 1989, 37 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 Life Incorporated reported income of $528k and spending of $526k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $572k to $528k (-7.7%), an average of -2.0% a year. The sharpest change came in the year to December 2021, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Creative Life Incorporated sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Sports Kidz Az Inc ($528k), Victoria Fair Association Inc ($529k) and Culture Reframed ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $127k (24% of expenses). Other salaries and wages came to $133k. At year end it held assets of $500k against liabilities of $27k, net assets of $473k. It reported 13 employees.