Cre-Act Inc

Analysis

Cre-Act Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 June 2023, Cre-Act Inc reported income of $128k and spending of $137k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $114k to $128k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cre-Act Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OK. Charities of a similar size with the same main cause include Access Housing of Jasper County Inc ($128k), Ecothrive Housing ($128k) and Credo Housing Development Corporation ($128k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $543k against liabilities of $1.0m, net assets of -$500k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.