New York · Nonprofit
THE CHELSEA FACTORY INC
THE CHELSEA FACTORY INC (New York) receives grants from 7 organizations whose IRS filings report $5,637,700 to it, the largest being FIRST REPUBLIC FOUNDATION ($5,250,000). 2 of them have funded it in more than one year.
- Revenue FY2026
- $4k
- Funders on record
- 7
- Grants received
- $5.6M
- Net assets
- $0
What The Chelsea Factory Inc does
Mission
Chelsea factory existed to support the artists, ensembles, and arts organizations of new york city as we emerge from the covid-19 pandemic. With an emphasis on support for artists from historically excluded communities, chelsea factory provided highly subsidized creation and presentation space, production resources, and dynamic connections that aim to create transformative experiences for its artists and partners across genres.
As stated on its FY2026 Form 990-EZ.
Program
Chelsea factory ceased operations in may 2025. The organization dissolved in may 2026 as approved by the board of directors and the secretary of state of the state of delaware.
$170,922 spentof which $165,000 as grants100% of program spending
The program described on its FY2025 Form 990-EZ. Program spending in total: $170,922.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2024 to 2025, from $7.0M to $242k (−97%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2025 3%. Grants only. Government contracts and fees sit inside program revenue.
0% of THE CHELSEA FACTORY INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (78% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 6 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Lauren Kiel
Executive director/treasurer
Board chair
Jim Herbert
Founder & board chair
As listed on its FY2025 Form 990-EZ.
Who funds it, year by year
2021 → 2023: the base broadened from 1 funder to 3 funders, grant income fell $2.5M → $450k.
From the IRS filings of THE CHELSEA FACTORY INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
THE CHELSEA FACTORY INC leans on a few funders — its largest provides 93% of grant income and the top three 99%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2021 100% · 2022 100% · 2023 56% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
THE CHELSEA FACTORY INC draws 95% of its grant income from funders outside New York, across 4 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
THE CHELSEA FACTORY INC's revenue fell 100% between 2021 and 2026.
this organization peer median middle 50% of peers· 435 arts & culture nonprofits under $100k, FY2026
Organizations like THE CHELSEA FACTORY INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Public support
16%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for THE CHELSEA FACTORY INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds THE CHELSEA FACTORY INC?
- THE CHELSEA FACTORY INC (New York) receives grants from 7 organizations whose IRS filings report $5,637,700 to it, the largest being FIRST REPUBLIC FOUNDATION ($5,250,000). 2 of them have funded it in more than one year.
- How many funders does THE CHELSEA FACTORY INC have?
- IRS filings report 7 organizations giving $5,637,700 in grants to THE CHELSEA FACTORY INC, 2 of which have funded it in more than one year.
- Who is the largest funder of THE CHELSEA FACTORY INC?
- FIRST REPUBLIC FOUNDATION is the largest funder on record, with $5,250,000 in grants. The full list of funders is on this page.
- How can an organization like THE CHELSEA FACTORY INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Chelsea Factory →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2026 (financials across 2021–2026), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing