Create Inc
Create Inc maintains stable operations with growing assets despite recurring operational deficits and no reported officer compensation.
EIN: 132739938 · Bronx, NY · NTEE: F33Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $5.0M |
| Program Spending | 80% |
| Net Assets | $14.1M |
| Transparency Score | 75/100 |
Is Create Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Create Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Create Inc
Create Inc (EIN: 132739938) is a nonprofit organization based in Bronx, NY, classified under NTEE code F33Z. The organization reported total revenue of $2.6M and total assets of $16.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Create Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Create Inc is a mid-size nonprofit that has been operating for 52 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-103,736 |
| Total Assets | $16.1M |
| Total Liabilities | $2.0M |
| Net Assets | $14.1M |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 12.5% |
| Months of Reserves | 39.1 months |
Financial Health Grade: B
In 2023, Create Inc reported a deficit of $104K with expenses exceeding revenue, holds 39.1 months of operating reserves (strong position), has a debt-to-asset ratio of 12.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Create Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | -2.8% | -2.8% |
| 2022 | +12.9% | -4.9% | +2.8% |
| 2021 | -8.1% | -7.4% | +748.8% |
| 2020 | -14.2% | +6.6% | +1.7% |
| 2019 | +3.9% | -1.1% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1974 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Create Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Create Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $104K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.5%.
Executive Compensation Analysis
Create Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues consistently in the multi-million dollar range. This either indicates that no officers receive compensation, or that compensation is structured in a way that is not captured by this specific reporting field, which could be a point for further inquiry regarding full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Create Inc's IRS 990 filings:
- Recurring operational deficits in recent years (e.g., 2023, 2021, 2020)
- Unusually low (0%) reported officer compensation for an organization of this size, which may indicate incomplete reporting or an unusual compensation structure.
Strengths
The following positive indicators were identified for Create Inc:
- Significant growth in assets from $1.9M in 2020 to $16.1M in 2021, indicating a strong financial position.
- Consistent operational scale over a decade, demonstrating stability in service delivery.
- Low liabilities relative to assets, with liabilities around $2M compared to assets over $16M in recent years, indicating good financial leverage.
Frequently Asked Questions about Create Inc
Is Create Inc a legitimate charity?
Create Inc (EIN: 132739938) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Create Inc spend its money?
Create Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Create Inc tax-deductible?
Create Inc is registered as a tax-exempt nonprofit (EIN: 132739938). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Create Inc's spending goes to programs?
Create Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Create Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Create Inc is above average for NTEE category F33Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Create Inc located?
Create Inc is headquartered in Bronx, New York and files with the IRS under EIN 132739938. It is classified under NTEE code F33Z.
How many years of IRS 990 filings does Create Inc have?
Create Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
Is Create Inc a good charity?
Create Inc appears to be a financially stable organization with a significant asset base. Its consistent reporting of 0% officer compensation is a positive for transparency, though it warrants further investigation to understand the full compensation structure. The recurring operational deficits suggest a need for improved expense management relative to revenue.
What caused the significant increase in assets between 2020 and 2021?
The organization's assets jumped from $1,902,432 in 2020 to $16,148,304 in 2021. This substantial increase of over $14 million in a single year is a critical financial event that would typically be detailed in the organization's financial statements or notes to the financial statements, potentially indicating a major capital acquisition, endowment growth, or significant non-operating revenue.
How does Create Inc manage its operational deficits?
Create Inc has experienced operational deficits in several recent years, including 2023 ($4.8M revenue vs. $4.9M expenses), 2021 ($4.5M revenue vs. $5.3M expenses), and 2020 ($4.9M revenue vs. $5.7M expenses). While the organization has a strong asset base ($16.1M in 2023) that can absorb these deficits, consistent deficits could erode reserves over time if not addressed through improved revenue generation or expense control.
Filing History
IRS 990 filing history for Create Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Create Inc's revenue has declined by 2%, moving from $4.9M to $4.8M. Total assets increased by 435% over the same period, from $3.0M to $16.1M. Total functional expenses rose by 1.8%, from $4.9M to $5.0M. In its most recent filing year (2023), Create Inc reported a deficit of $104K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $16.1M in assets (debt-to-asset ratio: 12.5%), resulting in net assets of $14.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.0M | $16.1M | $2.0M | — | View 990 |
| 2022 | $5.2M | $5.1M | $16.6M | $2.5M | — | View 990 |
| 2021 | $4.6M | $5.4M | $16.1M | $2.2M | — | View 990 |
| 2020 | $5.0M | $5.8M | $1.9M | $2.5M | — | View 990 |
| 2019 | $5.8M | $5.4M | $1.9M | $1.7M | — | View 990 |
| 2018 | $5.6M | $5.5M | $1.8M | $2.0M | — | View 990 |
| 2017 | $5.0M | $5.2M | $1.5M | $1.5M | — | View 990 |
| 2016 | $5.1M | $5.1M | $1.8M | $1.6M | — | View 990 |
| 2015 | $5.2M | $5.2M | $1.6M | $1.7M | — | View 990 |
| 2014 | $5.0M | $4.6M | $1.9M | $2.1M | — | View 990 |
| 2013 | $4.6M | $4.4M | $2.1M | $2.5M | — | View 990 |
| 2012 | $4.6M | $5.2M | $3.5M | $3.3M | — | View 990 |
| 2011 | $4.9M | $4.9M | $3.0M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.0M, and assets of $16.1M (revenue -6.2% year-over-year).
- 2022: Revenue of $5.2M, expenses of $5.1M, and assets of $16.6M (revenue +12.9% year-over-year).
- 2021: Revenue of $4.6M, expenses of $5.4M, and assets of $16.1M (revenue -8.1% year-over-year).
- 2020: Revenue of $5.0M, expenses of $5.8M, and assets of $1.9M (revenue -14.2% year-over-year).
- 2019: Revenue of $5.8M, expenses of $5.4M, and assets of $1.9M (revenue +3.9% year-over-year).
- 2018: Revenue of $5.6M, expenses of $5.5M, and assets of $1.8M (revenue +11.3% year-over-year).
- 2017: Revenue of $5.0M, expenses of $5.2M, and assets of $1.5M (revenue -1.8% year-over-year).
- 2016: Revenue of $5.1M, expenses of $5.1M, and assets of $1.8M (revenue -2.1% year-over-year).
- 2015: Revenue of $5.2M, expenses of $5.2M, and assets of $1.6M (revenue +4.1% year-over-year).
- 2014: Revenue of $5.0M, expenses of $4.6M, and assets of $1.9M (revenue +8.1% year-over-year).
- 2013: Revenue of $4.6M, expenses of $4.4M, and assets of $2.1M (revenue +1.1% year-over-year).
- 2012: Revenue of $4.6M, expenses of $5.2M, and assets of $3.5M (revenue -7.2% year-over-year).
- 2011: Revenue of $4.9M, expenses of $4.9M, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Create Inc:
Data Sources and Methodology
This transparency report for Create Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.