757 Creative Reuse Center

Analysis

757 Creative Reuse Center is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in December 2018, 8 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 June 2024, 757 Creative Reuse Center reported income of $87k and spending of $75k, spending 86% of its income. Across the 3 years on record, from December 2022 to June 2024, income fell from $142k to $87k (-39%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 37%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 757 Creative Reuse Center sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within VA. Charities of a similar size with the same main cause include Humans of St Louis ($87k), Northern Westchester Chinese School ($87k) and NC Zeitgeist Foundation ($87k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 13% and program service revenue 2.5% of the total. At year end it held assets of $37k against liabilities of $2,223, net assets of $34k.