Creede Center for the Arts

Analysis

Creede Center for the Arts is a registered charity in United States, based in Creede, CO. It received its IRS tax-exemption ruling in July 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 (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, Creede Center for the Arts reported income of $245k and spending of $190k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $313k to $245k (-22%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 56% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creede Center for the Arts 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 58th percentile, and in the 55th percentile within CO. Charities of a similar size with the same main cause include South Side Irish St Patricks Day Parade and Heritage Foundation Inc ($245k), Kiowa County KS Media Center Foundation ($245k) and American Arab Heritage Council ($245k).

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 $51k. At year end it held assets of $246k against liabilities of $1,851, net assets of $244k. It reported 1 employees.