Creative Center for the Arts

Analysis

Creative Center for the Arts is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2000, 26 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 2022, Creative Center for the Arts reported income of $71k and spending of $30k, leaving 57% of income unspent that year. Across the 4 years on record, from June 2019 to December 2022, income fell from $98k to $71k (-28%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 414%. Over the whole period it spent 113% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Creative Center for the Arts sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Bountiful Historical Preservation Foundation ($71k), 500 Women Scientists ($71k) and Ourstorybridge Inc ($71k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $18k. At year end it held assets of $419k against liabilities of $129k, net assets of $290k.