Ceai Equity Fund Inc

Analysis

Ceai Equity Fund Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in August 2022, 4 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, Ceai Equity Fund Inc reported income of $112k and spending of $166k, spending 148% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $112k (+75%), an average of +75% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ceai Equity Fund Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within OH. Charities of a similar size with the same main cause include 6th Avenue Corridor ($112k), Zee Computer Information Center ($112k) and Community Consulting Teams Inc ($112k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.