Creation Art Center Corporation

Analysis

Creation Art Center Corporation is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 1984, 42 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, Creation Art Center Corporation reported income of $260k and spending of $200k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income fell from $324k to $260k (-20%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Creation Art Center Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Hancock Parks Foundation ($260k), New Haven Rowing Club Inc ($260k) and Wilton Daycare Inc ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. At year end it held assets of $96k against liabilities of $0, net assets of $96k.