Chelsea Piers Foundation
Chelsea Piers Foundation shows strong revenue growth and asset accumulation in its latest fiscal period, with no reported officer compensation.
EIN: 133991838 · New York, NY · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $347K |
| Program Spending | 85% |
| Net Assets | $3.6M |
| Transparency Score | 90/100 |
Is Chelsea Piers Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chelsea Piers Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chelsea Piers Foundation
Chelsea Piers Foundation (EIN: 133991838) is a nonprofit organization based in New York, NY, classified under NTEE code P82. The organization reported total revenue of $1.9M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chelsea Piers Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chelsea Piers Foundation is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 13.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $825K |
| Total Expenses | $347K |
| Surplus / Deficit | +$478K |
| Total Assets | $3.7M |
| Total Liabilities | $91K |
| Net Assets | $3.6M |
| Operating Margin | 57.9% |
| Debt-to-Asset Ratio | 2.5% |
| Months of Reserves | 127.3 months |
Financial Health Grade: A
In 2023, Chelsea Piers Foundation reported a surplus of $478K with revenue exceeding expenses, holds 127.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chelsea Piers Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +142.7% | -11.1% | +1114.8% |
| 2022 | +579.8% | +29.4% | -14.3% |
| 2021 | +80.5% | +138.3% | -41.6% |
| 2020 | -91.5% | -60.0% | -11.5% |
| 2019 | -15.7% | +18.2% | +1.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Piers Foundation with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Chelsea Piers Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $478K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.5%.
Executive Compensation Analysis
The Chelsea Piers Foundation consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries. This is a highly positive sign for a nonprofit, demonstrating a strong commitment to maximizing resources for its programmatic mission.
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.
Strengths
The following positive indicators were identified for Chelsea Piers Foundation:
- 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.
Frequently Asked Questions about Chelsea Piers Foundation
Is Chelsea Piers Foundation a legitimate charity?
Chelsea Piers Foundation (EIN: 133991838) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Chelsea Piers Foundation spend its money?
Chelsea Piers Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Chelsea Piers Foundation tax-deductible?
Chelsea Piers Foundation is registered as a tax-exempt nonprofit (EIN: 133991838). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chelsea Piers Foundation's spending goes to programs?
Chelsea Piers Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chelsea Piers Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Chelsea Piers Foundation is above average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chelsea Piers Foundation located?
Chelsea Piers Foundation is headquartered in New York, New York and files with the IRS under EIN 133991838. It is classified under NTEE code P82.
How many years of IRS 990 filings does Chelsea Piers Foundation have?
Chelsea Piers Foundation 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 $1.9M in total revenue.
Is Chelsea Piers Foundation a good charity?
Based on the available data, the Chelsea Piers Foundation appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. The latest filing shows significant revenue growth and a healthy asset base, suggesting financial stability and effective resource management.
How has the organization's financial health changed over time?
The organization's financial health has shown significant improvement in the latest period (202312), with revenue of $824,979 far exceeding expenses of $347,029. This contrasts with periods like 202212 and 202112 where expenses outpaced revenue, indicating a recent positive turnaround and growth in financial capacity.
What is the organization's approach to executive compensation?
The Chelsea Piers Foundation reports 0% officer compensation in all available IRS 990 filings. This indicates a policy of not paying its officers, which is a strong positive for transparency and ensuring funds are directed to programs.
Are there any concerns regarding the organization's liabilities?
The organization's liabilities are relatively low compared to its assets. In the latest period (202312), liabilities were $90,693 against assets of $3,680,673, indicating a very healthy balance sheet and minimal financial risk from debt.
Filing History
IRS 990 filing history for Chelsea Piers Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chelsea Piers Foundation's revenue has grown by 336%, moving from $189K to $825K. Total assets increased by 24140.5% over the same period, from $15K to $3.7M. Total functional expenses rose by 34.8%, from $257K to $347K. In its most recent filing year (2023), Chelsea Piers Foundation reported a surplus of $478K, with revenue exceeding expenses. The organization holds $91K in liabilities against $3.7M in assets (debt-to-asset ratio: 2.5%), resulting in net assets of $3.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $825K | $347K | $3.7M | $91K | — | — |
| 2022 | $340K | $390K | $303K | $0 | — | View 990 |
| 2021 | $50K | $302K | $353K | $0 | — | View 990 |
| 2020 | $28K | $127K | $605K | $20K | — | View 990 |
| 2019 | $327K | $317K | $684K | $0 | — | View 990 |
| 2018 | $388K | $268K | $674K | $0 | — | View 990 |
| 2017 | $294K | $236K | $553K | $0 | — | View 990 |
| 2016 | $308K | $222K | $494K | $0 | — | View 990 |
| 2015 | $306K | $193K | $408K | $0 | — | View 990 |
| 2014 | $297K | $146K | $294K | $0 | — | View 990 |
| 2013 | $231K | $130K | $143K | $0 | — | View 990 |
| 2012 | $240K | $216K | $42K | $0 | — | View 990 |
| 2011 | $189K | $257K | $15K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $825K, expenses of $347K, and assets of $3.7M (revenue +142.7% year-over-year).
- 2022: Revenue of $340K, expenses of $390K, and assets of $303K (revenue +579.8% year-over-year).
- 2021: Revenue of $50K, expenses of $302K, and assets of $353K (revenue +80.5% year-over-year).
- 2020: Revenue of $28K, expenses of $127K, and assets of $605K (revenue -91.5% year-over-year).
- 2019: Revenue of $327K, expenses of $317K, and assets of $684K (revenue -15.7% year-over-year).
- 2018: Revenue of $388K, expenses of $268K, and assets of $674K (revenue +31.9% year-over-year).
- 2017: Revenue of $294K, expenses of $236K, and assets of $553K (revenue -4.5% year-over-year).
- 2016: Revenue of $308K, expenses of $222K, and assets of $494K (revenue +0.6% year-over-year).
- 2015: Revenue of $306K, expenses of $193K, and assets of $408K (revenue +3.0% year-over-year).
- 2014: Revenue of $297K, expenses of $146K, and assets of $294K (revenue +28.6% year-over-year).
- 2013: Revenue of $231K, expenses of $130K, and assets of $143K (revenue -3.8% year-over-year).
- 2012: Revenue of $240K, expenses of $216K, and assets of $42K (revenue +26.9% year-over-year).
- 2011: Revenue of $189K, expenses of $257K, and assets of $15K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chelsea Piers Foundation:
Data Sources and Methodology
This transparency report for Chelsea Piers Foundation 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.