Chelsea Athletic Boosters Inc

Analysis

Chelsea Athletic Boosters Inc is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in February 1977, 49 years ago. 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 June 2024, Chelsea Athletic Boosters Inc reported income of $211k and spending of $27k, leaving 87% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income fell from $340k to $211k (-38%), an average of -9.1% a year. The sharpest change came in the year to June 2022, when income rose by 373%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chelsea Athletic Boosters Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Northern Virginia Lions Youth Camp Inc ($211k), Gibson Society Inc ($211k) and Isanti County Commission on Aging ($211k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 85% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.