Chelsea Symphony Inc

Analysis

Chelsea Symphony Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2008, 18 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 June 2024, Chelsea Symphony Inc reported income of $95k and spending of $95k, spending 100% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $103k to $95k (-7.9%), an average of -7.9% a year. Over the whole period it spent 103% 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 Symphony Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Harrison County Historical Society ($95k), Meriden Antique Engine and Threshers Association Inc ($95k) and Collaborative Arts Institute of Chicago ($95k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 57% and program service revenue 40% of the total. At year end it held assets of $141k against liabilities of $17k, net assets of $124k.