Chelsea Improvement Trust
Chelsea Improvement Trust maintains substantial assets with minimal and inconsistent operational spending.
EIN: 201611981 · Chelsea, OK · NTEE: T90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $57K |
| Total Expenses | $7K |
| Program Spending | 80% |
| Net Assets | $1.8M |
| Transparency Score | 65/100 |
Is Chelsea Improvement Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chelsea Improvement Trust directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chelsea Improvement Trust
Chelsea Improvement Trust (EIN: 201611981) is a nonprofit organization based in Chelsea, OK, classified under NTEE code T90. The organization reported total revenue of $57K and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chelsea Improvement Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chelsea Improvement Trust is a micro nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 101.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $7K |
| Surplus / Deficit | +$42K |
| Total Assets | $1.8M |
| Net Assets | $1.8M |
| Operating Margin | 85.9% |
| Months of Reserves | 3040.4 months |
Financial Health Grade: A
In 2023, Chelsea Improvement Trust reported a surplus of $42K with revenue exceeding expenses, holds 3040.4 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Chelsea Improvement Trust's revenue has grown at a compound annual growth rate (CAGR) of 101.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +352.6% | +4.2% | +5.5% |
| 2022 | -89.8% | +9.9% | -7.8% |
| 2021 | +559.5% | -83.3% | +3.3% |
| 2020 | -45.5% | -20.6% | +4.9% |
| 2019 | +10.6% | -23.7% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Improvement Trust with a Mission Score of 65 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 Improvement Trust 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 surplus of $42K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, indicating a volunteer-led structure or that compensation is covered by other entities, which is commendable for an organization of its asset size.
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 Improvement Trust's IRS 990 filings:
- Extremely low and inconsistent expenses relative to asset size, raising questions about program activity (e.g., $6,963 expenses on $1.7M assets in 2023).
- Highly volatile revenue streams, making financial planning and consistent program delivery challenging (e.g., $2 revenue in 2014 vs. $106,765 in 2021).
- Lack of detailed expense breakdown in provided data makes it difficult to assess spending efficiency.
Strengths
The following positive indicators were identified for Chelsea Improvement Trust:
- Strong asset base ($1,851,287) providing long-term financial stability.
- Zero reported liabilities across all filings, indicating excellent financial management and no debt.
- Zero officer compensation reported, suggesting a volunteer-driven model and efficient use of funds for leadership.
- Consistent IRS 990 filing history demonstrates good transparency and compliance.
Frequently Asked Questions about Chelsea Improvement Trust
Is Chelsea Improvement Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Chelsea Improvement Trust (EIN: 201611981) some concerns. Mission Score: 65/100. 3 red flags identified, 4 strengths noted.
How does Chelsea Improvement Trust spend its money?
Chelsea Improvement Trust directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Chelsea Improvement Trust tax-deductible?
Chelsea Improvement Trust is registered as a tax-exempt nonprofit (EIN: 201611981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chelsea Improvement Trust's spending goes to programs?
Chelsea Improvement Trust directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chelsea Improvement Trust compare to similar nonprofits?
With a transparency score of 65/100 (Good), Chelsea Improvement Trust is above average for NTEE category T90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chelsea Improvement Trust located?
Chelsea Improvement Trust is headquartered in Chelsea, Oklahoma and files with the IRS under EIN 201611981. It is classified under NTEE code T90.
How many years of IRS 990 filings does Chelsea Improvement Trust have?
Chelsea Improvement Trust 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 $57K in total revenue.
What specific programs does Chelsea Improvement Trust operate with its minimal expenses?
With expenses as low as $6,963 in 2023 and $6,081 in 2021, it's unclear what specific, impactful programs the organization is running, especially given its nearly $2 million in assets.
How does Chelsea Improvement Trust manage to grow its assets with such fluctuating and sometimes very low revenue?
The consistent growth in assets, despite highly variable and often minimal revenue (e.g., $2 in 2014 and 2015), suggests significant investment income, unrealized gains, or substantial non-cash contributions not fully detailed in the provided revenue figures.
What is the long-term strategy for deploying its substantial assets for community benefit?
Given the large asset base ($1,851,287) and consistently low operational expenses, it's important to understand if the organization has a strategy for utilizing these assets to achieve its mission more actively, beyond just maintaining them.
Filing History
IRS 990 filing history for Chelsea Improvement Trust showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chelsea Improvement Trust's revenue has grown by 447863.6%, moving from $11 to $49K. Total assets increased by 21.3% over the same period, from $1.5M to $1.8M. Total functional expenses fell by 91.7%, from $84K to $7K. In its most recent filing year (2023), Chelsea Improvement Trust reported a surplus of $42K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $7K | $1.8M | $0 | — | — |
| 2022 | $11K | $7K | $1.7M | $0 | — | View 990 |
| 2021 | $107K | $6K | $1.8M | $0 | — | — |
| 2020 | $16K | $36K | $1.8M | $0 | — | — |
| 2019 | $30K | $46K | $1.7M | $0 | — | View 990 |
| 2018 | $27K | $60K | $1.5M | $0 | — | View 990 |
| 2017 | $58K | $60K | $1.7M | $0 | — | View 990 |
| 2016 | $4 | $60K | $1.6M | $0 | — | View 990 |
| 2015 | $2 | $70K | $1.6M | $0 | — | View 990 |
| 2014 | $2 | $84K | $1.8M | $0 | — | View 990 |
| 2013 | $2 | $84K | $1.7M | $0 | — | View 990 |
| 2012 | $2 | $84K | $1.5M | $0 | — | View 990 |
| 2011 | $11 | $84K | $1.5M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $7K, and assets of $1.8M (revenue +352.6% year-over-year).
- 2022: Revenue of $11K, expenses of $7K, and assets of $1.7M (revenue -89.8% year-over-year).
- 2021: Revenue of $107K, expenses of $6K, and assets of $1.8M (revenue +559.5% year-over-year).
- 2020: Revenue of $16K, expenses of $36K, and assets of $1.8M (revenue -45.5% year-over-year).
- 2019: Revenue of $30K, expenses of $46K, and assets of $1.7M (revenue +10.6% year-over-year).
- 2018: Revenue of $27K, expenses of $60K, and assets of $1.5M (revenue -54.0% year-over-year).
- 2017: Revenue of $58K, expenses of $60K, and assets of $1.7M (revenue +1459675.0% year-over-year).
- 2016: Revenue of $4, expenses of $60K, and assets of $1.6M (revenue +100.0% year-over-year).
- 2015: Revenue of $2, expenses of $70K, and assets of $1.6M (revenue +0.0% year-over-year).
- 2014: Revenue of $2, expenses of $84K, and assets of $1.8M (revenue +0.0% year-over-year).
- 2013: Revenue of $2, expenses of $84K, and assets of $1.7M (revenue +0.0% year-over-year).
- 2012: Revenue of $2, expenses of $84K, and assets of $1.5M (revenue -81.8% year-over-year).
- 2011: Revenue of $11, expenses of $84K, and assets of $1.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chelsea Improvement Trust:
Data Sources and Methodology
This transparency report for Chelsea Improvement Trust 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.