Central Insurance Companies Educational and Charitable

Analysis

Central Insurance Companies Educational and Charitable is a registered charity in United States, based in Van Wert, OH. It received its IRS tax-exemption ruling in September 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Central Insurance Companies Educational and Charitable reported income of $276k and spending of $162k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $276k (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 683%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Central Insurance Companies Educational and Charitable sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Minnetonka Diamond Club ($276k), City Honors Foundation ($277k) and Shreeji International Educational Organization Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.