Creative Hearts Inc

Analysis

Creative Hearts Inc is a registered charity in United States, based in Dobbs Ferry, NY. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Creative Hearts Inc reported income of $221k and spending of $118k, leaving 47% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $133k to $221k (+66%), an average of +66% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 60% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Hearts Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Turner Ballroom Preservation Trust Ltd ($221k), Shelter Music Boston Inc ($221k) and Community Public Radio Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $34k (29% of expenses). Other salaries and wages came to $53k. At year end it held assets of $162k against liabilities of $14k, net assets of $147k. It reported 7 employees.