Creatives Want Change Inc

Analysis

Creatives Want Change Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2021, 5 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 August 2023, Creatives Want Change Inc reported income of $351k and spending of $267k, leaving 24% of income unspent that year. Across the 2 years on record, from August 2021 to August 2023, income grew from $211k to $351k (+67%), an average of +67% a year. The sharpest change came in the year to August 2023, when income rose by 67%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Creatives Want Change Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Gene Grawe Fund Inc ($351k), Florida Nonprofit Alliance Inc ($351k) and Waterhouse Charitable TR ($351k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $75k (28% of expenses). At year end it held assets of $333k against liabilities of $32k, net assets of $301k. It reported 1 employees.