New Garden Park Inc
New Garden Park Inc. shows strong asset growth and no reported officer compensation across all filings.
EIN: 201727883 · Worcester, MA · NTEE: S99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.3M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| Net Assets | $26.2M |
| Transparency Score | 90/100 |
Is New Garden Park Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Garden Park Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Garden Park Inc
New Garden Park Inc (EIN: 201727883) is a nonprofit organization based in Worcester, MA, classified under NTEE code S99. The organization reported total revenue of $8.3M and total assets of $48.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Garden Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Garden Park Inc is a mid-size nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$468K |
| Total Assets | $42.2M |
| Total Liabilities | $16.1M |
| Net Assets | $26.2M |
| Operating Margin | 28.4% |
| Debt-to-Asset Ratio | 38.0% |
| Months of Reserves | 428.6 months |
Financial Health Grade: A
In 2023, New Garden Park Inc reported a surplus of $468K with revenue exceeding expenses, holds 428.6 months of operating reserves (strong position), has a debt-to-asset ratio of 38.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Garden Park Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.6% | +35.9% | +14.0% |
| 2022 | -93.3% | -66.3% | +3.3% |
| 2021 | +155.0% | -41.6% | +10.8% |
| 2020 | -47.2% | -67.6% | +6.8% |
| 2019 | +184.2% | +164.8% | +4.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 New Garden Park 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, New Garden Park Inc 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 $468K, with revenue exceeding expenses.
- Debt-to-asset ratio: 38.0%.
Executive Compensation Analysis
New Garden Park Inc. reports 0% officer compensation across all 13 filings, indicating either that executive roles are entirely volunteer-based or that compensation is not reported under 'officer compensation' in a way that is visible in this summary. This is a highly positive indicator for transparency and efficient use of funds.
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 New Garden Park Inc:
- Consistent asset growth, from $24.8M in 2014 to $48.6M currently, indicating strong financial management.
- 0% reported officer compensation across all 13 filings, demonstrating high transparency and efficient use of funds.
- Generally positive net revenue in recent years, contributing to financial stability (e.g., $1.65M revenue vs. $1.18M expenses in 2023).
- Strong asset-to-liability ratio, with assets significantly exceeding liabilities in recent periods (e.g., $42.2M assets vs. $16.0M liabilities in 2023).
Frequently Asked Questions about New Garden Park Inc
Is New Garden Park Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Garden Park Inc (EIN: 201727883) appears legitimate. Mission Score: 90/100. 0 red flags identified, 4 strengths noted.
How does New Garden Park Inc spend its money?
New Garden Park Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Garden Park Inc tax-deductible?
New Garden Park Inc is registered as a tax-exempt nonprofit (EIN: 201727883). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Garden Park Inc's spending goes to programs?
New Garden Park Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Garden Park Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Garden Park Inc is above average for NTEE category S99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Garden Park Inc located?
New Garden Park Inc is headquartered in Worcester, Massachusetts and files with the IRS under EIN 201727883. It is classified under NTEE code S99.
How many years of IRS 990 filings does New Garden Park Inc have?
New Garden Park Inc 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 $8.3M in total revenue.
Is New Garden Park Inc. financially stable?
Yes, New Garden Park Inc. appears financially stable, with consistent asset growth from $24,880,957 in 2014 to $48,673,301 currently, and generally positive net revenue in recent years (e.g., $1,650,371 revenue vs. $1,182,409 expenses in 2023).
How does New Garden Park Inc. manage executive compensation?
New Garden Park Inc. reports 0% officer compensation across all available filings, suggesting a strong commitment to minimizing administrative overhead in this area or that executive roles are unpaid.
What is the trend in New Garden Park Inc.'s revenue?
Revenue for New Garden Park Inc. has been highly variable, with significant spikes like $21,019,526 in 2021 and $15,620,405 in 2019, alongside lower revenue years such as $1,650,371 in 2023. The latest reported revenue is $8,308,312.
Are the liabilities of New Garden Park Inc. concerning?
While liabilities have fluctuated, reaching $28,033,783 in 2018 and $25,646,332 in 2020, the organization's assets have consistently outpaced liabilities, with current assets at $48,673,301 and liabilities at $16,052,666 in 2023, indicating a healthy balance sheet.
Filing History
IRS 990 filing history for New Garden Park Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Garden Park Inc's revenue has grown by 83.6%, moving from $899K to $1.7M. Total assets increased by 1289.6% over the same period, from $3.0M to $42.2M. Total functional expenses rose by 30.3%, from $907K to $1.2M. In its most recent filing year (2023), New Garden Park Inc reported a surplus of $468K, with revenue exceeding expenses. The organization holds $16.1M in liabilities against $42.2M in assets (debt-to-asset ratio: 38.0%), resulting in net assets of $26.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.2M | $42.2M | $16.1M | — | View 990 |
| 2022 | $1.4M | $870K | $37.0M | $11.3M | — | View 990 |
| 2021 | $21.0M | $2.6M | $35.9M | $10.7M | — | View 990 |
| 2020 | $8.2M | $4.4M | $32.4M | $25.6M | — | View 990 |
| 2019 | $15.6M | $13.6M | $30.3M | $27.4M | — | View 990 |
| 2018 | $5.5M | $5.1M | $28.9M | $28.0M | — | View 990 |
| 2017 | $1.8M | $2.4M | $27.0M | $26.5M | — | View 990 |
| 2016 | $1.7M | $2.4M | $26.6M | $25.5M | — | View 990 |
| 2015 | $1.6M | $1.8M | $25.5M | $23.6M | — | View 990 |
| 2014 | $3.5M | $1.4M | $24.9M | $22.9M | — | View 990 |
| 2013 | $584K | $712K | $7.5M | $7.5M | — | View 990 |
| 2012 | $804K | $771K | $3.5M | $3.4M | — | View 990 |
| 2011 | $899K | $907K | $3.0M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.2M, and assets of $42.2M (revenue +16.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $870K, and assets of $37.0M (revenue -93.3% year-over-year).
- 2021: Revenue of $21.0M, expenses of $2.6M, and assets of $35.9M (revenue +155.0% year-over-year).
- 2020: Revenue of $8.2M, expenses of $4.4M, and assets of $32.4M (revenue -47.2% year-over-year).
- 2019: Revenue of $15.6M, expenses of $13.6M, and assets of $30.3M (revenue +184.2% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.1M, and assets of $28.9M (revenue +212.8% year-over-year).
- 2017: Revenue of $1.8M, expenses of $2.4M, and assets of $27.0M (revenue +2.9% year-over-year).
- 2016: Revenue of $1.7M, expenses of $2.4M, and assets of $26.6M (revenue +4.2% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.8M, and assets of $25.5M (revenue -53.4% year-over-year).
- 2014: Revenue of $3.5M, expenses of $1.4M, and assets of $24.9M (revenue +501.6% year-over-year).
- 2013: Revenue of $584K, expenses of $712K, and assets of $7.5M (revenue -27.3% year-over-year).
- 2012: Revenue of $804K, expenses of $771K, and assets of $3.5M (revenue -10.6% year-over-year).
- 2011: Revenue of $899K, expenses of $907K, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Garden Park Inc:
Data Sources and Methodology
This transparency report for New Garden Park 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.