Chelsea Piers Foundation

Analysis

Chelsea Piers Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chelsea Piers Foundation reported income of $825k and spending of $347k, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $825k (+152%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 580%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chelsea Piers Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Country Care Hospice Inc ($825k), L&b Community Development Corporation ($825k) and St Margarets Corporation of Utica Ny ($825k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $3.7m against liabilities of $91k, net assets of $3.6m.