Crearte Inc

Organization Overview

Crearte Inc is located in San Juan, PR. The organization was established in 2003. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 07/2021, Crearte Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crearte Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 07/2021, Crearte Inc generated $972.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $897.0k during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (8.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION IS ENGAGED IN PROMOTING THE SOCIAL AND EDUCATIONAL DEVELOPMENT OF ECONOMIC DISADVANTAGED YOUTHS AND CHILDREN FROM 2 MONTHS TO 21 YEARS THROUGH FOUR PROGRAMS: ESCUELAS ALTERNATIVA, PROGRAMA VESPERTINO, CENTRO DE DESARROLLO INTREGRAL AND SERVICIOS PSICOSOCIALES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROGRAM: ALTERNATIVE SCHOOL AND AFTERSCHOOL PROGRAM. - REGISTRATION: 159 DAY SCHOOL AND 74 IN THE AFTER SCHOOL PROGRAM WHICH SUPPORTS STUDENTS BY PROVIDING ACADEMIC TUTORING AND ENCOURAGEMENT. THIS REPRESENTS 89% OF OUR PROGRAM COSTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $733,147
All other contributions, gifts, grants, and similar amounts not included above$239,728
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$972,875
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $972,875

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Crearte Inc has recieved totaling $36,891.

Awarding OrganizationAmount
Fondos Unidos De Puerto Rico Inc

Santurce, PR

PURPOSE: TO COVER PROGRAM SERVICES OF PARTICIPATING AGENCIES

$26,891
Globalgiving Foundation Inc

Washington, DC

PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS

$10,000
View Grant Recipient Profile

Endowment Analysis

Peer Organizations

Organization NameAssets
Hospital Menonita Caguas Inc
Cidra, PR
$113,843,157
Salud Integral En La Montana Inc
Naranjito, PR
$106,337,219
Migrant Health Center
Mayaguez, PR
$107,297,310
Hospital De La Concepcion Inc
San German, PR
$92,905,006
Hospital Damas Inc
Ponce, PR
$73,414,103
Presbyterian Community Hospital Inc
San Juan, PR
$70,919,559
Pontifical Catholic University Of Puerto Rico
Ponce, PR
$97,269,712
Cossma Inc
Cidra, PR
$66,362,775
Neomed Center Inc
Gurabo, PR
$60,486,712
Hospital Menonita Guayama Inc
Cidra, PR
$86,573,108
Hpm Foundation Inc
San Juan, PR
$56,807,836
Ryder Memorial Hospital Inc
Humacao, PR
$48,860,156

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