Chelsea Education Foundation

Analysis

Chelsea Education Foundation is a registered charity in United States, based in Chelsea, MI. It received its IRS tax-exemption ruling in November 1990, 36 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 August 2023, Chelsea Education Foundation reported income of $160k and spending of $163k, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $106k to $160k (+51%), an average of +11% a year. The sharpest change came in the year to August 2023, when income rose by 118%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chelsea Education Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 48th percentile within MI. Charities of a similar size with the same main cause include Rapids Area Soccer Inc ($160k), County Line Volunteer Fire Dept ($160k) and Youth Mentors Association of the ($160k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $798k against liabilities of $0, net assets of $798k.