Capital Tea Inc

Analysis

Capital Tea Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Capital Tea Inc reported income of $153k and spending of $185k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $151k to $153k (+1.2%), an average of +1.2% a year. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Capital Tea Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Mountain Mental Health ($153k), Cancer Federation Inc ($153k) and Equines for Freedom ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $35k against liabilities of $0, net assets of $35k.