Chelsea Jewish Charitable Foundation Inc

Analysis

Chelsea Jewish Charitable Foundation Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Chelsea Jewish Charitable Foundation Inc reported income of $301k and spending of $638k, spending 212% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $909k to $301k (-67%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chelsea Jewish Charitable Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Anchored Hope Counseling and Consulting ($301k), Carsonstrong Foundation ($301k) and Mobile Mammography Shared Services Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 244% of the total. Other salaries and wages came to $525k. At year end it held assets of $8.1m against liabilities of $1.6m, net assets of $6.5m.