Old Westbury Gardens Inc
Old Westbury Gardens Inc. shows stable assets but recent operating deficits.
EIN: 111902968 · Old Westbury, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.9M |
| Total Expenses | $5.0M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $37 |
| Net Assets | $36.0M |
| Transparency Score | 75/100 |
Is Old Westbury Gardens Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Old Westbury Gardens Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Old Westbury Gardens Inc
Old Westbury Gardens Inc (EIN: 111902968) is a nonprofit organization based in Old Westbury, NY. The organization reported total revenue of $6.9M and total assets of $37.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Old Westbury Gardens Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Old Westbury Gardens Inc is a mid-size nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-161,788 |
| Total Assets | $38.9M |
| Total Liabilities | $3.0M |
| Net Assets | $36.0M |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 7.6% |
| Months of Reserves | 93.9 months |
Financial Health Grade: B
In 2024, Old Westbury Gardens Inc reported a deficit of $162K with expenses exceeding revenue, holds 93.9 months of operating reserves (strong position), has a debt-to-asset ratio of 7.6% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Old Westbury Gardens Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -11.0% | -29.1% | +4.7% |
| 2023 | -16.6% | +11.8% | -11.0% |
| 2022 | +30.1% | +71.2% | -0.9% |
| 2021 | +21.0% | -15.1% | +22.6% |
| 2020 | +752.4% | +339.5% | -3.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2003 |
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 Old Westbury Gardens Inc with a Mission Score of 75 out of 100 (Good). 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, Old Westbury Gardens 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $162K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with assets exceeding $37 million. This suggests either a volunteer-led executive team or that compensation for key employees is reported under different categories, requiring a deeper dive into their full IRS 990 forms for complete understanding.
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 Old Westbury Gardens Inc's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 202403, 202303, 202003) where expenses exceeded revenue.
- Unusually low reported revenue in 201903 ($483,682) compared to surrounding years, suggesting a potential reporting issue or significant operational change.
- 0% officer compensation reported across all filings, which is uncommon for an organization with significant assets and operations, potentially indicating a lack of transparency in executive pay reporting or a unique organizational structure.
Strengths
The following positive indicators were identified for Old Westbury Gardens Inc:
- Strong asset base, with assets consistently above $32 million and reaching $38,928,764 in 202403, providing financial stability.
- History of generating substantial revenue, with latest reported revenue at $6,938,357, indicating strong donor and visitor support.
- Generally stable financial operations over the long term, despite recent fluctuations, demonstrating resilience.
Frequently Asked Questions about Old Westbury Gardens Inc
Is Old Westbury Gardens Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Old Westbury Gardens Inc (EIN: 111902968) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Old Westbury Gardens Inc spend its money?
Old Westbury Gardens Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Old Westbury Gardens Inc tax-deductible?
Old Westbury Gardens Inc is registered as a tax-exempt nonprofit (EIN: 111902968). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Old Westbury Gardens Inc CEO make?
Old Westbury Gardens Inc's highest-compensated officer earns $37 annually. The organization reported $6.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Old Westbury Gardens Inc's spending goes to programs?
Old Westbury Gardens Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Old Westbury Gardens Inc located?
Old Westbury Gardens Inc is headquartered in Old Westbury, New York and files with the IRS under EIN 111902968.
How many years of IRS 990 filings does Old Westbury Gardens Inc have?
Old Westbury Gardens Inc has 14 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 $6.9M in total revenue.
How does Old Westbury Gardens Inc. cover its operating deficits, such as the $161,788 deficit in 202403 and $1,606,479 in 202303?
The organization likely draws from its substantial asset base, which was $38,928,764 in 202403, or relies on prior year surpluses and investment income to cover these shortfalls.
What is the actual compensation for key employees and officers, given the 0% reported officer compensation?
The summary data indicates 0% officer compensation, which is atypical. A detailed review of the full IRS 990 forms, specifically Part VII, Section A, would be necessary to identify compensation for current officers, directors, trustees, and key employees.
What caused the significant drop in revenue in 201903 to $483,682 from $5,487,137 in 201812?
This drastic reduction in reported revenue for the 201903 period is an anomaly that warrants investigation into the specific filing to understand if it was a reporting error, a change in fiscal year, or an unusual event.
Filing History
IRS 990 filing history for Old Westbury Gardens Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Old Westbury Gardens Inc's revenue has grown by 25%, moving from $3.9M to $4.8M. Total assets increased by 23% over the same period, from $31.7M to $38.9M. Total functional expenses rose by 23.8%, from $4.0M to $5.0M. In its most recent filing year (2024), Old Westbury Gardens Inc reported a deficit of $162K, with expenses exceeding revenue. The organization holds $3.0M in liabilities against $38.9M in assets (debt-to-asset ratio: 7.6%), resulting in net assets of $36.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $4.8M | $5.0M | $38.9M | $3.0M | — | View 990 |
| 2023 | $5.4M | $7.0M | $37.2M | $3.4M | — | View 990 |
| 2022 | $6.5M | $6.3M | $41.7M | $3.3M | — | View 990 |
| 2021 | $5.0M | $3.7M | $42.1M | $3.0M | — | View 990 |
| 2020 | $4.1M | $4.3M | $34.4M | $2.7M | — | View 990 |
| 2019 | $484K | $982K | $35.7M | $1.2M | — | View 990 |
| 2018 | $5.5M | $4.8M | $33.7M | $544K | — | View 990 |
| 2017 | $4.5M | $4.6M | $35.0M | $243K | — | View 990 |
| 2016 | $4.0M | $4.0M | $32.9M | $293K | — | View 990 |
| 2015 | $4.3M | $4.0M | $33.2M | $378K | — | View 990 |
| 2014 | $5.2M | $4.5M | $34.6M | $338K | — | View 990 |
| 2013 | $4.8M | $4.6M | $35.3M | $599K | — | View 990 |
| 2012 | $4.1M | $3.9M | $32.7M | $456K | — | View 990 |
| 2011 | $3.9M | $4.0M | $31.7M | $330K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $4.8M, expenses of $5.0M, and assets of $38.9M (revenue -11.0% year-over-year).
- 2023: Revenue of $5.4M, expenses of $7.0M, and assets of $37.2M (revenue -16.6% year-over-year).
- 2022: Revenue of $6.5M, expenses of $6.3M, and assets of $41.7M (revenue +30.1% year-over-year).
- 2021: Revenue of $5.0M, expenses of $3.7M, and assets of $42.1M (revenue +21.0% year-over-year).
- 2020: Revenue of $4.1M, expenses of $4.3M, and assets of $34.4M (revenue +752.4% year-over-year).
- 2019: Revenue of $484K, expenses of $982K, and assets of $35.7M (revenue -91.2% year-over-year).
- 2018: Revenue of $5.5M, expenses of $4.8M, and assets of $33.7M (revenue +21.6% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.6M, and assets of $35.0M (revenue +11.5% year-over-year).
- 2016: Revenue of $4.0M, expenses of $4.0M, and assets of $32.9M (revenue -5.2% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.0M, and assets of $33.2M (revenue -17.6% year-over-year).
- 2014: Revenue of $5.2M, expenses of $4.5M, and assets of $34.6M (revenue +7.0% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.6M, and assets of $35.3M (revenue +18.6% year-over-year).
- 2012: Revenue of $4.1M, expenses of $3.9M, and assets of $32.7M (revenue +6.0% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.0M, and assets of $31.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Old Westbury Gardens Inc:
Data Sources and Methodology
This transparency report for Old Westbury Gardens 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.