Cahec Capital Inc

Analysis

Cahec Capital Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in November 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Cahec Capital Inc reported income of $575k and spending of $507k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $575k (-50%), an average of -16% a year. The sharpest change came in the year to December 2022, when income rose by 143%. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Cahec Capital Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within NC. Charities of a similar size with the same main cause include Junior League of Boca Raton Inc ($574k), A Ray of Hope Today ($575k) and Junior League of Greensboro Inc ($574k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $120k. At year end it held assets of $9.2m against liabilities of $6.2m, net assets of $2.9m.