Creative Learning Program Inc
Creative Learning Program Inc shows recent financial growth and no reported officer compensation, but has fluctuating historical performance and high liabilities.
EIN: 204420670 · Radcliff, KY · NTEE: P33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $225K |
| Total Expenses | $43K |
| Program Spending | 85% |
| Net Assets | $168K |
| Transparency Score | 75/100 |
Is Creative Learning Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Creative Learning Program Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Creative Learning Program Inc
Creative Learning Program Inc (EIN: 204420670) is a nonprofit organization based in Radcliff, KY, classified under NTEE code P33. The organization reported total revenue of $225K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Creative Learning Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Creative Learning Program Inc is a small nonprofit that has been operating for 3 years, with 6 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 | $110K |
| Total Expenses | $43K |
| Surplus / Deficit | +$68K |
| Total Assets | $168K |
| Total Liabilities | $135 |
| Net Assets | $168K |
| Operating Margin | 61.4% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 47.3 months |
Financial Health Grade: A
In 2023, Creative Learning Program Inc reported a surplus of $68K with revenue exceeding expenses, holds 47.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 6 years of filings (2011–2023), Creative Learning Program Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -34.9% | -75.5% | +4156.5% |
| 2015 | -0.9% | +3.9% | -47.4% |
| 2014 | +13.6% | +11.0% | +79.0% |
| 2013 | -6.4% | -11.9% | +16.6% |
| 2012 | -6.2% | +4.9% | -74.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2023 |
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 Learning Program 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Creative Learning Program Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 surplus of $68K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Creative Learning Program Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, which is highly favorable for minimizing administrative costs.
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 Learning Program Inc's IRS 990 filings:
- Inconsistent historical financial performance with periods of expenses exceeding revenue (e.g., 2015, 2012).
- High liabilities ($135,000) in 2023 relative to assets ($167,917), which could indicate significant debt or restricted funds.
Strengths
The following positive indicators were identified for Creative Learning Program Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for leadership.
- Significant revenue surplus in the latest filing period (2023: $110,351 revenue vs. $42,575 expenses).
- Substantial growth in assets from $3,597 in 2012 to $167,917 in 2023.
Frequently Asked Questions about Creative Learning Program Inc
Is Creative Learning Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Creative Learning Program Inc (EIN: 204420670) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Creative Learning Program Inc spend its money?
Creative Learning Program Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Creative Learning Program Inc tax-deductible?
Creative Learning Program Inc is registered as a tax-exempt nonprofit (EIN: 204420670). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Creative Learning Program Inc's spending goes to programs?
Creative Learning Program Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Creative Learning Program Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Creative Learning Program Inc is above average for NTEE category P33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Creative Learning Program Inc located?
Creative Learning Program Inc is headquartered in Radcliff, Kentucky and files with the IRS under EIN 204420670. It is classified under NTEE code P33.
How many years of IRS 990 filings does Creative Learning Program Inc have?
Creative Learning Program Inc has 6 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 $225K in total revenue.
Is Creative Learning Program Inc a good charity?
Creative Learning Program Inc shows potential as a good charity, particularly given its consistent reporting of 0% officer compensation and recent strong revenue surplus in 2023 ($110,351 revenue vs. $42,575 expenses). However, its historical financial performance has been inconsistent, with expenses exceeding revenue in some years (e.g., 2015 and 2012), and the high liabilities in 2023 ($135,000) warrant further investigation.
What caused the significant increase in liabilities in 2023?
The IRS 990 data indicates that liabilities increased from minimal amounts in previous years to $135,000 in 2023. Without more detailed financial statements, the specific cause (e.g., program-related debt, capital expenditures, or restricted grants) cannot be determined from the provided summary data.
How has the organization managed its assets over time?
The organization has shown significant asset growth, from $3,597 in 2012 to $167,917 in 2023. This indicates successful accumulation of resources, although the substantial increase in liabilities in 2023 suggests that some of this asset growth may be debt-financed or tied to specific obligations.
Filing History
IRS 990 filing history for Creative Learning Program Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2023), Creative Learning Program Inc's revenue has declined by 35.7%, moving from $172K to $110K. Total assets increased by 1075.8% over the same period, from $14K to $168K. Total functional expenses fell by 73.9%, from $163K to $43K. In its most recent filing year (2023), Creative Learning Program Inc reported a surplus of $68K, with revenue exceeding expenses. The organization holds $135 in liabilities against $168K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $168K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $110K | $43K | $168K | $135 | — | — |
| 2015 | $170K | $174K | $4K | $4K | — | View 990 |
| 2014 | $171K | $167K | $8K | $3K | — | View 990 |
| 2013 | $151K | $151K | $4K | $4K | — | View 990 |
| 2012 | $161K | $171K | $4K | $3K | — | View 990 |
| 2011 | $172K | $163K | $14K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $110K, expenses of $43K, and assets of $168K (revenue -34.9% year-over-year).
- 2015: Revenue of $170K, expenses of $174K, and assets of $4K (revenue -0.9% year-over-year).
- 2014: Revenue of $171K, expenses of $167K, and assets of $8K (revenue +13.6% year-over-year).
- 2013: Revenue of $151K, expenses of $151K, and assets of $4K (revenue -6.4% year-over-year).
- 2012: Revenue of $161K, expenses of $171K, and assets of $4K (revenue -6.2% year-over-year).
- 2011: Revenue of $172K, expenses of $163K, and assets of $14K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Creative Learning Program Inc:
Data Sources and Methodology
This transparency report for Creative Learning Program 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.