Creative Million Inc

Analysis

Creative Million Inc is a registered charity in United States, based in Manhasset, NY. It received its IRS tax-exemption ruling in September 2024, 2 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Creative Million Inc reported income of $102k and spending of $339k, spending 334% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $223k to $102k (-55%), an average of -33% a year. The sharpest change came in the year to December 2022, when income rose by 137%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Creative Million Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Panhandle Council of Car Clubs Inc ($101k), Alexandria Library Foundation Inc ($102k) and Womans Club of White Plains Foundation Inc ($101k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $52k. At year end it held assets of $262k against liabilities of $4,747, net assets of $258k. It reported 1 employees.