C R E a T E Community Studios Inc

Analysis

C R E a T E Community Studios Inc is a registered charity in United States, based in Schenectady, NY. It received its IRS tax-exemption ruling in April 2017, 9 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, C R E a T E Community Studios Inc reported income of $386k and spending of $357k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $314k to $386k (+23%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, C R E a T E Community Studios Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Affiliated Council-Center for Educational Special Serv of Oh Inc ($386k), Echo His Love Inc ($386k) and Boise First-Rhf Housing Inc ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $48k (13% of expenses). Other salaries and wages came to $143k. At year end it held assets of $142k against liabilities of $95k, net assets of $47k. It reported 4 employees.