Builders Institute Of Westchester & Putnam Counties Inc
Builders Institute maintains strong asset growth and zero reported officer compensation over a decade.
EIN: 131767327 · Armonk, NY · Updated: 2026-03-28
Is Builders Institute Of Westchester & Putnam Counties Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Builders Institute Of Westchester & Putnam Counties Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Builders Institute Of Westchester & Putnam Counties Inc
Builders Institute Of Westchester & Putnam Counties Inc (EIN: 131767327) is a nonprofit organization based in Armonk, NY. The organization reported total revenue of $2.0M and total assets of $6.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Builders Institute Of Westchester & Putnam Counties Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Builders Institute Of Westchester & Putnam Counties Inc is a mid-size nonprofit that has been operating for 79 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 | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-20,774 |
| Total Assets | $5.8M |
| Total Liabilities | $147 |
| Net Assets | $5.8M |
| Operating Margin | -1.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 48.2 months |
Financial Health Grade: B
In 2023, Builders Institute Of Westchester & Putnam Counties Inc reported a deficit of $21K with expenses exceeding revenue, holds 48.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Builders Institute Of Westchester & Putnam Counties Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.2% | -15.0% | -0.4% |
| 2022 | -10.7% | +15.6% | +5.1% |
| 2021 | +55.8% | +17.1% | +15.7% |
| 2020 | -21.5% | -30.1% | +3.7% |
| 2019 | +18.8% | +32.9% | +0.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
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 Builders Institute Of Westchester & Putnam Counties Inc with a Mission Score of 92 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: 8%
- programs: 90%
- fundraising: 2%
According to IRS 990 filings, Builders Institute Of Westchester & Putnam Counties Inc allocates its expenses as follows: admin: 8%, programs: 90%, fundraising: 2%. With 90% 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 $21K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no salaries are paid to officers, which is highly unusual for an organization with over $2 million in annual revenue and $6 million in assets. This suggests a volunteer-led executive structure or that compensation is categorized differently, but as reported, it's a significant indicator of low administrative overhead.
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 Builders Institute Of Westchester & Putnam Counties Inc's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate a reporting anomaly or a highly volunteer-dependent structure that could pose sustainability risks if not managed carefully.
Strengths
The following positive indicators were identified for Builders Institute Of Westchester & Putnam Counties Inc:
- Consistent asset growth, increasing from $3.5 million in 2014 to $5.7 million in 2023, indicating strong financial health.
- Zero reported officer compensation across all filings, suggesting a high proportion of funds are directed towards programs and operations.
- Generally positive revenue-to-expense ratio, demonstrating effective financial management and sustainability.
- Low to no reported liabilities in most years, indicating a healthy balance sheet and low financial risk.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
Frequently Asked Questions about Builders Institute Of Westchester & Putnam Counties Inc
Is Builders Institute Of Westchester & Putnam Counties Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Builders Institute Of Westchester & Putnam Counties Inc (EIN: 131767327) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Builders Institute Of Westchester & Putnam Counties Inc spend its money?
Builders Institute Of Westchester & Putnam Counties Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Builders Institute Of Westchester & Putnam Counties Inc tax-deductible?
Builders Institute Of Westchester & Putnam Counties Inc is registered as a tax-exempt nonprofit (EIN: 131767327). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does the organization sustain operations without officer compensation?
The filings consistently show 0% officer compensation, suggesting that executive leadership may be entirely volunteer-based or that compensation is reported under other expense categories not specifically identified as 'officer compensation' on the 990. Further investigation into the detailed expense breakdown would be needed to fully understand this structure.
What is the primary source of the organization's revenue?
While specific revenue streams are not detailed in the provided summary, the consistent annual revenue exceeding $1.4 million suggests a stable funding base, likely from membership dues, program fees, or grants, typical for an institute of its nature.
Has the organization experienced any significant financial challenges?
The organization has shown consistent revenue and asset growth over the past decade. While 2023 saw expenses slightly exceed revenue ($1,438,215 vs. $1,417,441), this appears to be an isolated instance within a generally positive financial trend and not indicative of significant financial distress.
Filing History
IRS 990 filing history for Builders Institute Of Westchester & Putnam Counties Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Builders Institute Of Westchester & Putnam Counties Inc's revenue has grown by 46.1%, moving from $970K to $1.4M. Total assets increased by 118.6% over the same period, from $2.6M to $5.8M. Total functional expenses rose by 54.6%, from $930K to $1.4M. In its most recent filing year (2023), Builders Institute Of Westchester & Putnam Counties Inc reported a deficit of $21K, with expenses exceeding revenue. The organization holds $147 in liabilities against $5.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $5.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $5.8M | $147 | — | — |
| 2022 | $2.0M | $1.7M | $5.8M | $100 | — | — |
| 2021 | $2.2M | $1.5M | $5.5M | $0 | — | View 990 |
| 2020 | $1.4M | $1.2M | $4.8M | $0 | — | View 990 |
| 2019 | $1.8M | $1.8M | $4.6M | $0 | — | View 990 |
| 2018 | $1.5M | $1.3M | $4.6M | $0 | — | View 990 |
| 2017 | $1.6M | $1.2M | $4.4M | $0 | — | View 990 |
| 2016 | $1.3M | $1.3M | $4.0M | $0 | — | View 990 |
| 2015 | $1.6M | $1.1M | $4.0M | $900 | — | View 990 |
| 2014 | $1.5M | $1.1M | $3.5M | $0 | — | View 990 |
| 2013 | $1.2M | $937K | $3.1M | $0 | — | View 990 |
| 2012 | $1.1M | $909K | $2.8M | $0 | — | View 990 |
| 2011 | $970K | $930K | $2.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $5.8M (revenue -28.2% year-over-year).
- 2022: Revenue of $2.0M, expenses of $1.7M, and assets of $5.8M (revenue -10.7% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.5M, and assets of $5.5M (revenue +55.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.2M, and assets of $4.8M (revenue -21.5% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $4.6M (revenue +18.8% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.3M, and assets of $4.6M (revenue -4.8% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.2M, and assets of $4.4M (revenue +21.5% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $4.0M (revenue -15.5% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.1M, and assets of $4.0M (revenue +3.1% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.1M, and assets of $3.5M (revenue +24.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $937K, and assets of $3.1M (revenue +10.9% year-over-year).
- 2012: Revenue of $1.1M, expenses of $909K, and assets of $2.8M (revenue +12.5% year-over-year).
- 2011: Revenue of $970K, expenses of $930K, and assets of $2.6M.
Data Sources and Methodology
This transparency report for Builders Institute Of Westchester & Putnam Counties 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.