Quick charity verification for Chelsea Piers Foundation (EIN: 133991838)
Verdict: Chelsea Piers Foundation appears trustworthy
90/100Mission Score
$1.9MRevenue
$4.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent 0% officer compensation, indicating high efficiency and mission focus.
Significant revenue growth and asset accumulation in the latest fiscal period (202312), with assets reaching $3,680,673.
Healthy financial reserves, with assets substantially exceeding liabilities ($3,680,673 vs. $90,693 in 202312).
Strong program spending focus due to lack of executive compensation.
Positive trend in net assets, recovering from periods where expenses exceeded revenue.
Spending Breakdown
How Chelsea Piers Foundation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Chelsea Piers Foundation
Is Chelsea Piers Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chelsea Piers Foundation (EIN: 133991838) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is Chelsea Piers Foundation a good charity to donate to?
Chelsea Piers Foundation has a Mission Score of 90/100. Revenue: $1.9M. Assets: $4.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Chelsea Piers Foundation?
The Employer Identification Number (EIN) for Chelsea Piers Foundation is 133991838. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Chelsea Piers Foundation spend its money?
Chelsea Piers Foundation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Chelsea Piers Foundation's tax-exempt status?
You can verify Chelsea Piers Foundation's tax-exempt status using EIN 133991838 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Chelsea Piers Foundation demonstrates a generally healthy financial position, particularly in its most recent filing period (202312) where revenue significantly outpaced expenses ($824,979 vs. $347,029), leading to a substantial increase in assets to $3,680,673. This indicates effective financial management and growth. However, prior periods, such as 202212 and 202112, show expenses exceeding revenue, suggesting some variability in financial performance over time. The organization consistently reports 0% officer compensation, which is a strong indicator of transparency and a commitment to directing funds towards its mission rather than executive salaries. The NTEE code P82 (Recreational, Sports, Leisure, Athletics, Camps) suggests a program focus that aligns with community engagement through sports and recreation. The significant increase in assets from $302,982 in 202212 to $3,680,673 in 202312, alongside a relatively low liability of $90,693, points to a robust and stable financial foundation.