Creative Education Foundation Inc
Creative Education Foundation Inc reports consistent operational deficits in recent years, but maintains a strong asset base and zero officer compensation.
EIN: 160849832 · Dorchester, MA · NTEE: B99Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $558K |
| Total Expenses | $586K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $300,000 |
| Net Assets | $726K |
| Transparency Score | 85/100 |
Is Creative Education Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Creative Education Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Creative Education Foundation Inc
Creative Education Foundation Inc (EIN: 160849832) is a nonprofit organization based in Dorchester, MA, classified under NTEE code B99Z. The organization reported total revenue of $558K and total assets of $809K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Creative Education Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Creative Education Foundation Inc is a small nonprofit that has been operating for 71 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $472K |
| Total Expenses | $586K |
| Surplus / Deficit | $-114,164 |
| Total Assets | $931K |
| Total Liabilities | $205K |
| Net Assets | $726K |
| Operating Margin | -24.2% |
| Debt-to-Asset Ratio | 22.1% |
| Months of Reserves | 19.1 months |
Financial Health Grade: B
In 2023, Creative Education Foundation Inc reported a deficit of $114K with expenses exceeding revenue, holds 19.1 months of operating reserves (strong position), has a debt-to-asset ratio of 22.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Creative Education Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.0% | +1.2% | -10.5% |
| 2022 | -20.2% | +40.8% | -10.8% |
| 2021 | +82.5% | +9.4% | +9.9% |
| 2020 | -55.7% | -41.5% | +14.5% |
| 2019 | -2.3% | +2.1% | +9.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1955 |
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 Creative Education Foundation Inc with a Mission Score of 85 out of 100 (Excellent). 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, Creative Education Foundation 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 $114K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.1%.
Executive Compensation Analysis
Creative Education Foundation Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly commendable for a nonprofit of its size with annual revenues typically ranging from $300,000 to $700,000.
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 Creative Education Foundation Inc's IRS 990 filings:
- Consistent operational deficits in recent years (2022 and 2023), with expenses exceeding revenue.
- Declining net assets from $1,166,630 in 2021 to $931,479 in 2023, indicating a draw on reserves.
Strengths
The following positive indicators were identified for Creative Education Foundation Inc:
- Consistent zero officer compensation across all reported years, indicating strong resource allocation to mission.
- Healthy asset base relative to annual revenue, providing financial stability despite recent deficits.
- Consistent IRS 990 filing history, demonstrating transparency.
- Strong program focus, as implied by the lack of executive compensation and the nature of a 'Creative Education Foundation'.
Frequently Asked Questions about Creative Education Foundation Inc
Is Creative Education Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Creative Education Foundation Inc (EIN: 160849832) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Creative Education Foundation Inc spend its money?
Creative Education Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Creative Education Foundation Inc tax-deductible?
Creative Education Foundation Inc is registered as a tax-exempt nonprofit (EIN: 160849832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Creative Education Foundation Inc CEO make?
Creative Education Foundation Inc's highest-compensated officer earns $300,000 annually. The organization reported $558K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Creative Education Foundation Inc's spending goes to programs?
Creative Education Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Creative Education Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Creative Education Foundation Inc is above average for NTEE category B99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Creative Education Foundation Inc located?
Creative Education Foundation Inc is headquartered in Dorchester, Massachusetts and files with the IRS under EIN 160849832. It is classified under NTEE code B99Z.
How many years of IRS 990 filings does Creative Education Foundation Inc have?
Creative Education Foundation 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 $558K in total revenue.
Is Creative Education Foundation Inc a good charity?
Based on the available data, Creative Education Foundation Inc appears to be a good charity, particularly due to its consistent zero officer compensation and strong asset base. While it has experienced operational deficits in recent years, its commitment to transparency and mission-focused spending (implied by no executive pay) are positive indicators.
Why has Creative Education Foundation Inc's revenue decreased in recent years?
Revenue has fluctuated, with a peak of $789,117 in 2014 and a low of $300,167 in 2020. More recently, revenue decreased from $547,732 in 2021 to $436,878 in 2022, and then slightly increased to $471,783 in 2023. The specific reasons for these fluctuations are not detailed in the provided financial summary but warrant further investigation into funding sources and economic factors.
How does Creative Education Foundation Inc manage its expenses?
The organization's expenses have generally been in line with or slightly above its revenue in recent years. For example, in 2023, expenses were $585,947 against revenue of $471,783. This trend of expenses exceeding revenue in 2022 and 2023 suggests the organization is drawing on its reserves or experiencing a temporary funding gap.
What is the trend in Creative Education Foundation Inc's assets?
Creative Education Foundation Inc's assets have shown a declining trend in the most recent years, from a high of $1,166,630 in 2021 to $931,479 in 2023. This decrease aligns with the reported operational deficits where expenses have exceeded revenue.
Filing History
IRS 990 filing history for Creative Education Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Creative Education Foundation Inc's revenue has declined by 35.8%, moving from $735K to $472K. Total assets increased by 215.6% over the same period, from $295K to $931K. Total functional expenses fell by 31.8%, from $859K to $586K. In its most recent filing year (2023), Creative Education Foundation Inc reported a deficit of $114K, with expenses exceeding revenue. The organization holds $205K in liabilities against $931K in assets (debt-to-asset ratio: 22.1%), resulting in net assets of $726K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $472K | $586K | $931K | $205K | — | — |
| 2022 | $437K | $579K | $1.0M | $214K | — | View 990 |
| 2021 | $548K | $411K | $1.2M | $199K | — | View 990 |
| 2020 | $300K | $376K | $1.1M | $235K | — | — |
| 2019 | $678K | $643K | $927K | $50K | — | View 990 |
| 2018 | $694K | $630K | $843K | $34K | — | View 990 |
| 2017 | $549K | $586K | $791K | $28K | — | View 990 |
| 2016 | $630K | $646K | $831K | $48K | — | View 990 |
| 2015 | $644K | $677K | $852K | $52K | — | View 990 |
| 2014 | $789K | $716K | $880K | $52K | — | View 990 |
| 2013 | $614K | $581K | $816K | $64K | — | View 990 |
| 2012 | $680K | $599K | $784K | $67K | — | View 990 |
| 2011 | $735K | $859K | $295K | $185K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $472K, expenses of $586K, and assets of $931K (revenue +8.0% year-over-year).
- 2022: Revenue of $437K, expenses of $579K, and assets of $1.0M (revenue -20.2% year-over-year).
- 2021: Revenue of $548K, expenses of $411K, and assets of $1.2M (revenue +82.5% year-over-year).
- 2020: Revenue of $300K, expenses of $376K, and assets of $1.1M (revenue -55.7% year-over-year).
- 2019: Revenue of $678K, expenses of $643K, and assets of $927K (revenue -2.3% year-over-year).
- 2018: Revenue of $694K, expenses of $630K, and assets of $843K (revenue +26.3% year-over-year).
- 2017: Revenue of $549K, expenses of $586K, and assets of $791K (revenue -12.8% year-over-year).
- 2016: Revenue of $630K, expenses of $646K, and assets of $831K (revenue -2.1% year-over-year).
- 2015: Revenue of $644K, expenses of $677K, and assets of $852K (revenue -18.4% year-over-year).
- 2014: Revenue of $789K, expenses of $716K, and assets of $880K (revenue +28.6% year-over-year).
- 2013: Revenue of $614K, expenses of $581K, and assets of $816K (revenue -9.8% year-over-year).
- 2012: Revenue of $680K, expenses of $599K, and assets of $784K (revenue -7.4% year-over-year).
- 2011: Revenue of $735K, expenses of $859K, and assets of $295K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Creative Education Foundation Inc:
Data Sources and Methodology
This transparency report for Creative Education Foundation 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.