Chelsea Academy Foundation Inc

Analysis

Chelsea Academy Foundation Inc is a registered charity in United States, based in Front Royal, VA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Chelsea Academy Foundation Inc reported income of $646k and spending of $557k, spending 86% of its income. Across the 6 years on record, from August 2018 to August 2023, income grew from $290k to $646k (+123%), an average of +17% a year. The sharpest change came in the year to August 2023, when income rose by 65%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chelsea Academy Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within VA. Charities of a similar size with the same main cause include Sailfish Point Foundation Inc ($646k), Rainbow Tree Christian School Inc ($646k) and College of Labor and Employment Lawyers Inc ($646k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 49% of the total. At year end it held assets of $6.4m against liabilities of $5.6m, net assets of $838k.