Chelsea Day School Inc
Chelsea Day School Inc. consistently operates at a deficit, with expenses exceeding revenue in recent years.
EIN: 133081013 · New York, NY · NTEE: B21Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $5.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $798K |
| Transparency Score | 75/100 |
Is Chelsea Day School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chelsea Day School Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chelsea Day School Inc
Chelsea Day School Inc (EIN: 133081013) is a nonprofit organization based in New York, NY, classified under NTEE code B21Z. The organization reported total revenue of $5.8M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chelsea Day School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chelsea Day School Inc is a mid-size nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.2M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-870,412 |
| Total Assets | $4.3M |
| Total Liabilities | $3.5M |
| Net Assets | $798K |
| Operating Margin | -20.8% |
| Debt-to-Asset Ratio | 81.6% |
| Months of Reserves | 10.3 months |
Financial Health Grade: C
In 2023, Chelsea Day School Inc reported a deficit of $870K with expenses exceeding revenue, holds 10.3 months of operating reserves (strong position), has a debt-to-asset ratio of 81.6% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chelsea Day School Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.4% | +16.6% | +3.3% |
| 2022 | +18.4% | +4.4% | -13.0% |
| 2021 | -11.6% | +3.5% | -13.2% |
| 2020 | -1.5% | +8.3% | -5.4% |
| 2019 | +0.7% | +3.2% | -1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chelsea Day School Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Chelsea Day School Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $870K, with expenses exceeding revenue.
- Debt-to-asset ratio: 81.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for a nonprofit of its size with annual revenues exceeding $3 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chelsea Day School Inc's IRS 990 filings:
- Consistent operational deficits, with expenses exceeding revenue in recent years (e.g., 2023: $5,047,538 expenses vs. $4,177,126 revenue).
- Increasing liabilities, reaching $3,544,830 in 2023, which represents a significant portion of total assets ($4,342,419).
Strengths
The following positive indicators were identified for Chelsea Day School Inc:
- Excellent transparency regarding executive compensation, with 0% officer compensation reported across all filings.
- Stable asset base, generally above $4 million, providing some financial cushion.
- Long filing history (13 filings) indicates consistent compliance and reporting.
Frequently Asked Questions about Chelsea Day School Inc
Is Chelsea Day School Inc a legitimate charity?
Chelsea Day School Inc (EIN: 133081013) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.8M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Chelsea Day School Inc spend its money?
Chelsea Day School Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chelsea Day School Inc tax-deductible?
Chelsea Day School Inc is registered as a tax-exempt nonprofit (EIN: 133081013). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chelsea Day School Inc CEO make?
Chelsea Day School Inc's highest-compensated officer earns $3 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chelsea Day School Inc's spending goes to programs?
Chelsea Day School Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chelsea Day School Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Chelsea Day School Inc is above average for NTEE category B21Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chelsea Day School Inc located?
Chelsea Day School Inc is headquartered in New York, New York and files with the IRS under EIN 133081013. It is classified under NTEE code B21Z.
How many years of IRS 990 filings does Chelsea Day School Inc have?
Chelsea Day School Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $5.8M in total revenue.
Is Chelsea Day School Inc. a good charity?
Chelsea Day School Inc. exhibits strong transparency regarding executive compensation, reporting 0% officer compensation. However, its consistent operational deficits, where expenses exceed revenue (e.g., $5,047,538 expenses vs. $4,177,126 revenue in 2023), raise concerns about long-term financial sustainability. While program spending appears to be prioritized, the ongoing deficits need to be understood.
What is the trend in Chelsea Day School Inc.'s financial health?
The organization has shown a trend of increasing expenses relative to revenue in recent years, leading to operational deficits. For example, in 2019, revenue ($3,735,694) slightly exceeded expenses ($3,700,045), but by 2023, expenses ($5,047,538) significantly outpaced revenue ($4,177,126). Liabilities have also increased, reaching $3,544,830 in 2023 from $2,462,795 in 2019.
How does Chelsea Day School Inc. manage its assets and liabilities?
Chelsea Day School Inc. has maintained relatively stable assets, generally above $4 million, but its liabilities have shown an upward trend, particularly in the most recent filing, reaching $3,544,830 in 2023. This indicates a growing reliance on debt or other obligations relative to its asset base.
Filing History
IRS 990 filing history for Chelsea Day School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chelsea Day School Inc's revenue has grown by 45.4%, moving from $2.9M to $4.2M. Total assets decreased by 14.5% over the same period, from $5.1M to $4.3M. Total functional expenses rose by 106.7%, from $2.4M to $5.0M. In its most recent filing year (2023), Chelsea Day School Inc reported a deficit of $870K, with expenses exceeding revenue. The organization holds $3.5M in liabilities against $4.3M in assets (debt-to-asset ratio: 81.6%), resulting in net assets of $798K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.2M | $5.0M | $4.3M | $3.5M | — | — |
| 2022 | $3.9M | $4.3M | $4.2M | $2.5M | — | View 990 |
| 2021 | $3.3M | $4.1M | $4.8M | $2.7M | — | View 990 |
| 2020 | $3.7M | $4.0M | $5.6M | $2.5M | — | View 990 |
| 2019 | $3.7M | $3.7M | $5.9M | $2.5M | — | View 990 |
| 2018 | $3.7M | $3.6M | $6.0M | $2.6M | — | View 990 |
| 2017 | $3.7M | $3.4M | $5.6M | $2.4M | — | View 990 |
| 2016 | $3.4M | $3.3M | $5.5M | $2.5M | — | View 990 |
| 2015 | $3.4M | $3.3M | $5.5M | $2.7M | — | View 990 |
| 2014 | $3.4M | $3.1M | $5.9M | $3.1M | — | View 990 |
| 2013 | $3.0M | $2.9M | $5.5M | $3.1M | — | View 990 |
| 2012 | $3.0M | $2.9M | $5.3M | $2.9M | — | View 990 |
| 2011 | $2.9M | $2.4M | $5.1M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.2M, expenses of $5.0M, and assets of $4.3M (revenue +8.4% year-over-year).
- 2022: Revenue of $3.9M, expenses of $4.3M, and assets of $4.2M (revenue +18.4% year-over-year).
- 2021: Revenue of $3.3M, expenses of $4.1M, and assets of $4.8M (revenue -11.6% year-over-year).
- 2020: Revenue of $3.7M, expenses of $4.0M, and assets of $5.6M (revenue -1.5% year-over-year).
- 2019: Revenue of $3.7M, expenses of $3.7M, and assets of $5.9M (revenue +0.7% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.6M, and assets of $6.0M (revenue -1.0% year-over-year).
- 2017: Revenue of $3.7M, expenses of $3.4M, and assets of $5.6M (revenue +11.5% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.3M, and assets of $5.5M (revenue -2.6% year-over-year).
- 2015: Revenue of $3.4M, expenses of $3.3M, and assets of $5.5M (revenue +2.7% year-over-year).
- 2014: Revenue of $3.4M, expenses of $3.1M, and assets of $5.9M (revenue +10.4% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.9M, and assets of $5.5M (revenue +1.6% year-over-year).
- 2012: Revenue of $3.0M, expenses of $2.9M, and assets of $5.3M (revenue +4.2% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.4M, and assets of $5.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chelsea Day School Inc:
Data Sources and Methodology
This transparency report for Chelsea Day School Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.