Chelsea Film Festival

Analysis

Chelsea Film Festival is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2014, 12 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 December 2023, Chelsea Film Festival reported income of $234k and spending of $157k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $213k to $234k (+9.7%), an average of +9.7% a year. Over the whole period it spent 64% 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 Film Festival sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Newberry Museum ($234k), Bowman County Historical & Geneological Society ($234k) and Murphysboro Apple Festival Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $227k against liabilities of $3, net assets of $227k.