Transforming Creatives Inc

Analysis

Transforming Creatives Inc is a registered charity in United States, based in Morrison, CO. It received its IRS tax-exemption ruling in May 2019, 7 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 2022, Transforming Creatives Inc reported income of $199k and spending of $240k, spending 120% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $227k to $199k (-12%), an average of -6.3% a year. The sharpest change came in the year to December 2022, when income dropped by 28%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Transforming Creatives Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within CO. Charities of a similar size with the same main cause include Nesin Cultural Arts Inc ($199k), Asian America Foundation ($199k) and Muse 360 Incorporated ($199k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 37% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $74k (31% of expenses). Other salaries and wages came to $17k. At year end it held assets of $21k against liabilities of $2,539, net assets of $18k. It reported 2 employees.