Little Creations Academy Inc

Analysis

Little Creations Academy Inc is a registered charity in United States, based in Iowa City, IA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Little Creations Academy Inc reported income of $246k and spending of $215k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $132k to $246k (+86%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Creations Academy Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include Dorcas Medical Mission Inc ($246k), Christmas Cheer All-Year Program ($246k) and Panhandle Children Foundation ($246k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $157k. At year end it held assets of $322k against liabilities of -$88k, net assets of $409k. It reported 9 employees.