Good Old Lower East Side Inc
Good Old Lower East Side Inc shows consistent revenue and asset growth with no reported officer compensation.
EIN: 132915659 · New York, NY · NTEE: S220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $2.1M |
| Program Spending | 85% |
| Net Assets | $2.4M |
| Transparency Score | 90/100 |
Is Good Old Lower East Side Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Good Old Lower East Side Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Good Old Lower East Side Inc
Good Old Lower East Side Inc (EIN: 132915659) is a nonprofit organization based in New York, NY, classified under NTEE code S220. The organization reported total revenue of $3.9M and total assets of $5.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Old Lower East Side Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Old Lower East Side Inc is a mid-size nonprofit that has been operating for 48 years, with 11 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 12.5%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$524K |
| Total Assets | $2.5M |
| Total Liabilities | $131K |
| Net Assets | $2.4M |
| Operating Margin | 19.8% |
| Debt-to-Asset Ratio | 5.1% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2022, Good Old Lower East Side Inc reported a surplus of $524K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.1% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2022), Good Old Lower East Side Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +41.2% | +52.3% | +26.7% |
| 2021 | +3.5% | +7.7% | +20.8% |
| 2020 | +23.0% | -11.9% | +74.4% |
| 2018 | +1.9% | +0.0% | -2.6% |
| 2017 | +14.7% | +19.0% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1978 |
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 Good Old Lower East Side Inc 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, Good Old Lower East Side Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $524K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of its size and suggests a strong commitment to directing funds to programs.
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 Good Old Lower East Side Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided summary data, making precise efficiency calculations difficult.
Strengths
The following positive indicators were identified for Good Old Lower East Side Inc:
- Consistent and significant revenue growth over the past decade, from $920,065 in 2012 to $3,893,207 currently.
- Strong asset growth, increasing from $615,999 in 2012 to $5,646,789, indicating robust financial health and capacity.
- Zero reported officer compensation across all available filings, suggesting a high dedication to mission-focused spending.
- Consistent operational surpluses, with revenue exceeding expenses in most reported periods (e.g., 2022 revenue of $2,644,368 vs. expenses of $2,120,361).
- Low liabilities relative to assets, contributing to overall financial stability.
Frequently Asked Questions about Good Old Lower East Side Inc
Is Good Old Lower East Side Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Good Old Lower East Side Inc (EIN: 132915659) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Good Old Lower East Side Inc spend its money?
Good Old Lower East Side Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Good Old Lower East Side Inc tax-deductible?
Good Old Lower East Side Inc is registered as a tax-exempt nonprofit (EIN: 132915659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Good Old Lower East Side Inc's spending goes to programs?
Good Old Lower East Side Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Good Old Lower East Side Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Good Old Lower East Side Inc is above average for NTEE category S220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Good Old Lower East Side Inc located?
Good Old Lower East Side Inc is headquartered in New York, New York and files with the IRS under EIN 132915659. It is classified under NTEE code S220.
How many years of IRS 990 filings does Good Old Lower East Side Inc have?
Good Old Lower East Side Inc has 11 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 $3.9M in total revenue.
Is Good Old Lower East Side Inc a good charity?
Based on the available financial data, Good Old Lower East Side Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth in revenue and assets, and a notable commitment to its mission by reporting 0% officer compensation across all filings.
How has Good Old Lower East Side Inc's revenue changed over time?
Good Old Lower East Side Inc has experienced significant revenue growth, increasing from $920,065 in 2012 to $2,644,368 in 2022, and reaching $3,893,207 in its latest reported period, indicating strong fundraising and operational expansion.
What is the financial stability of Good Old Lower East Side Inc?
The organization shows strong financial stability, with assets consistently growing from $615,999 in 2012 to $5,646,789 currently, and liabilities remaining relatively low compared to assets. It consistently operates with a surplus, such as in 2022 where revenue ($2,644,368) exceeded expenses ($2,120,361).
Filing History
IRS 990 filing history for Good Old Lower East Side Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2022), Good Old Lower East Side Inc's revenue has grown by 265.3%, moving from $724K to $2.6M. Total assets increased by 371.5% over the same period, from $540K to $2.5M. Total functional expenses rose by 169.6%, from $787K to $2.1M. In its most recent filing year (2022), Good Old Lower East Side Inc reported a surplus of $524K, with revenue exceeding expenses. The organization holds $131K in liabilities against $2.5M in assets (debt-to-asset ratio: 5.1%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.6M | $2.1M | $2.5M | $131K | — | — |
| 2021 | $1.9M | $1.4M | $2.0M | $118K | — | View 990 |
| 2020 | $1.8M | $1.3M | $1.7M | $252K | — | — |
| 2018 | $1.5M | $1.5M | $954K | $238K | — | View 990 |
| 2017 | $1.4M | $1.5M | $979K | $264K | — | View 990 |
| 2016 | $1.3M | $1.2M | $872K | $91K | — | View 990 |
| 2015 | $1.1M | $1.1M | $805K | $53K | — | View 990 |
| 2014 | $921K | $934K | $758K | $64K | — | View 990 |
| 2013 | $1.1M | $950K | $768K | $61K | — | View 990 |
| 2012 | $920K | $857K | $616K | $44K | — | View 990 |
| 2011 | $724K | $787K | $540K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.6M, expenses of $2.1M, and assets of $2.5M (revenue +41.2% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.4M, and assets of $2.0M (revenue +3.5% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.3M, and assets of $1.7M (revenue +23.0% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $954K (revenue +1.9% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $979K (revenue +14.7% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $872K (revenue +13.2% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $805K (revenue +20.7% year-over-year).
- 2014: Revenue of $921K, expenses of $934K, and assets of $758K (revenue -15.1% year-over-year).
- 2013: Revenue of $1.1M, expenses of $950K, and assets of $768K (revenue +17.9% year-over-year).
- 2012: Revenue of $920K, expenses of $857K, and assets of $616K (revenue +27.1% year-over-year).
- 2011: Revenue of $724K, expenses of $787K, and assets of $540K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Old Lower East Side Inc:
Data Sources and Methodology
This transparency report for Good Old Lower East Side 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.