Crealde Arts Inc

Analysis

Crealde Arts Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in October 1981, 45 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Crealde Arts Inc reported income of $1.6m and spending of $1.5m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.6m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Crealde Arts Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include The Clearing ($1.6m), Winifred Stuart Mankowski Foundation ($1.6m) and RHF Housing Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. It paid $14k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $339k, net assets of $1.3m.