Cade Creativity Labs Inc

Analysis

Cade Creativity Labs Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in April 2016, 10 years ago. 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, Cade Creativity Labs Inc reported income of $12.3m and spending of $3.2m, leaving 74% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $12.3m (+475%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 415%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cade Creativity Labs Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within FL. Charities of a similar size with the same main cause include Workforce Alliance Inc ($12.3m), Walter L Shepeard Community Blood Center Inc ($12.3m) and The Daily Planet Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $238k (7.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $11.3m against liabilities of $309k, net assets of $11.0m. It reported 71 employees.