Chelsea Day School Inc

Analysis

Chelsea Day School Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Chelsea Day School Inc reported income of $4.2m and spending of $5.0m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.7m to $4.2m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 114% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chelsea Day School Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Life Lab Science Program ($4.2m), Folds of Honor Foundation ($4.2m) and Donald P and Katherine B Loker University Student Union Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $324k (6.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $4.3m against liabilities of $3.5m, net assets of $798k. It reported 42 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.