Creative Center of Los Altos

Analysis

Creative Center of Los Altos is a registered charity in United States, based in Los Altos, CA. It received its IRS tax-exemption ruling in October 1964, 62 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Creative Center of Los Altos reported income of $54.8m and spending of $48.2m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $37.0m to $54.8m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Creative Center of Los Altos sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include Madonna University ($54.8m), University School ($54.8m) and Dunwoody College of Technology ($54.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.3m (2.7% of expenses). Other salaries and wages came to $20.8m. At year end it held assets of $221.0m against liabilities of $129.9m, net assets of $91.0m. It reported 384 employees.