Chelsea Fund for Education Inc

Analysis

Chelsea Fund for Education Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chelsea Fund for Education Inc reported income of $164k and spending of $144k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $164k (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 391%. Over the whole period it spent 40% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Chelsea Fund for Education Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include The Womans Club of Dayton ($164k), Vegas City Opera ($164k) and Creative China Center Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.6% and program service revenue 1.3% of the total. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m.