Chelsea Opera Inc

Analysis

Chelsea Opera Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2005, 21 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Chelsea Opera Inc reported income of $51k and spending of $78k, spending 153% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $81k to $51k (-37%), an average of -37% a year. The sharpest change came in the year to July 2024, when income dropped by 37%. Over the whole period it spent 125% 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 Opera Inc sits at the 23rd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Ovations Dance Repertory Corp ($51k), Ivy Chamber Strings ($51k) and Henry County Furniture Museum Inc ($51k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $20k against liabilities of $0, net assets of $20k.