Open Space Institute Land Trust Inc
Open Space Institute Land Trust Inc shows strong asset growth and no reported officer compensation, with recent significant increase in liabilities.
EIN: 133028060 · New York, NY · NTEE: C340 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $178.6M |
| Total Expenses | $76.9M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400 |
| Net Assets | $294.9M |
| Transparency Score | 90/100 |
Is Open Space Institute Land Trust Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Open Space Institute Land Trust Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Open Space Institute Land Trust Inc
Open Space Institute Land Trust Inc (EIN: 133028060) is a nonprofit organization based in New York, NY, classified under NTEE code C340. The organization reported total revenue of $178.6M and total assets of $448.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Open Space Institute Land Trust Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Open Space Institute Land Trust Inc is a major nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $74.8M |
| Total Expenses | $76.9M |
| Surplus / Deficit | $-2,030,999 |
| Total Assets | $421.5M |
| Total Liabilities | $126.5M |
| Net Assets | $294.9M |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 30.0% |
| Months of Reserves | 65.8 months |
Financial Health Grade: B
In 2023, Open Space Institute Land Trust Inc reported a deficit of $2.0M with expenses exceeding revenue, holds 65.8 months of operating reserves (strong position), has a debt-to-asset ratio of 30.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Open Space Institute Land Trust Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.0% | +117.3% | +27.1% |
| 2022 | +21.7% | +61.4% | -6.5% |
| 2021 | +16.2% | -20.1% | +10.0% |
| 2020 | +25.1% | -10.9% | +11.4% |
| 2019 | +10.1% | -18.1% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Open Space Institute Land Trust 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, Open Space Institute Land Trust 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available IRS 990 filings, which is highly unusual for an organization of its size with assets exceeding $400 million, suggesting compensation may be reported differently or through a related entity.
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 Open Space Institute Land Trust Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into compensation structures.
- Significant increase in liabilities from $57,088,131 in 202212 to $126,534,315 in 202312 without immediate explanation in summary data.
Strengths
The following positive indicators were identified for Open Space Institute Land Trust Inc:
- Strong asset growth, increasing from $289,562,723 in 201912 to $421,472,001 in 202312, indicating robust financial health.
- Substantial revenue generation, with latest reported revenue at $178,640,789, demonstrating strong donor support.
- Consistent financial reporting through IRS 990 filings, indicating transparency.
- Mission-aligned NTEE code (C340 - Land Resources Conservation) aligns with the organization's name and likely program focus.
Frequently Asked Questions about Open Space Institute Land Trust Inc
Is Open Space Institute Land Trust Inc a legitimate charity?
Open Space Institute Land Trust Inc (EIN: 133028060) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $178.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Open Space Institute Land Trust Inc spend its money?
Open Space Institute Land Trust Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Open Space Institute Land Trust Inc tax-deductible?
Open Space Institute Land Trust Inc is registered as a tax-exempt nonprofit (EIN: 133028060). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Open Space Institute Land Trust Inc CEO make?
Open Space Institute Land Trust Inc's highest-compensated officer earns $400 annually. The organization reported $178.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Open Space Institute Land Trust Inc's spending goes to programs?
Open Space Institute Land Trust Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Open Space Institute Land Trust Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Open Space Institute Land Trust Inc is above average for NTEE category C340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Open Space Institute Land Trust Inc located?
Open Space Institute Land Trust Inc is headquartered in New York, New York and files with the IRS under EIN 133028060. It is classified under NTEE code C340.
How many years of IRS 990 filings does Open Space Institute Land Trust Inc have?
Open Space Institute Land Trust 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 $178.6M in total revenue.
How does Open Space Institute Land Trust Inc manage to report 0% officer compensation given its scale?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this size. It suggests that executive compensation might be paid through a related organization, or that officers are volunteers, which would require reviewing the full IRS 990 forms for detailed explanations in Part VII, Section A, or Schedule J.
What caused the significant increase in liabilities from $57 million in 2022 to $126 million in 2023?
The substantial increase in liabilities from $57,088,131 in 202212 to $126,534,315 in 202312 could be due to various factors such as new land acquisitions, significant capital projects, or new debt instruments. A detailed review of the organization's balance sheet and footnotes in the full 990 filing for 202312 would clarify the nature of these liabilities.
What is the organization's long-term strategy for managing its substantial assets?
With assets growing from $289,562,723 in 201912 to $421,472,001 in 202312, the organization demonstrates strong asset accumulation. Their long-term strategy likely involves leveraging these assets for land conservation, endowment growth, and funding future program initiatives, which would be detailed in their financial statements and annual reports.
Filing History
IRS 990 filing history for Open Space Institute Land Trust Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Open Space Institute Land Trust Inc's revenue has grown by 247%, moving from $21.6M to $74.8M. Total assets increased by 83.4% over the same period, from $229.8M to $421.5M. Total functional expenses rose by 479.5%, from $13.3M to $76.9M. In its most recent filing year (2023), Open Space Institute Land Trust Inc reported a deficit of $2.0M, with expenses exceeding revenue. The organization holds $126.5M in liabilities against $421.5M in assets (debt-to-asset ratio: 30.0%), resulting in net assets of $294.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $74.8M | $76.9M | $421.5M | $126.5M | — | View 990 |
| 2022 | $53.8M | $35.4M | $331.7M | $57.1M | — | View 990 |
| 2021 | $44.2M | $21.9M | $354.8M | $38.3M | — | View 990 |
| 2020 | $38.1M | $27.4M | $322.4M | $32.5M | — | View 990 |
| 2019 | $30.4M | $30.8M | $289.6M | $25.7M | — | View 990 |
| 2018 | $27.6M | $37.6M | $277.1M | $31.3M | — | View 990 |
| 2017 | $33.9M | $28.2M | $294.3M | $20.7M | — | View 990 |
| 2016 | $43.4M | $28.7M | $281.5M | $15.6M | — | View 990 |
| 2015 | $33.4M | $19.4M | $271.4M | $21.2M | — | View 990 |
| 2014 | $18.8M | $17.8M | $282.8M | $25.0M | — | View 990 |
| 2013 | $14.9M | $16.3M | $277.3M | $21.0M | — | View 990 |
| 2012 | $5.7M | $12.5M | $251.7M | $11.6M | — | View 990 |
| 2011 | $21.6M | $13.3M | $229.8M | $3.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $74.8M, expenses of $76.9M, and assets of $421.5M (revenue +39.0% year-over-year).
- 2022: Revenue of $53.8M, expenses of $35.4M, and assets of $331.7M (revenue +21.7% year-over-year).
- 2021: Revenue of $44.2M, expenses of $21.9M, and assets of $354.8M (revenue +16.2% year-over-year).
- 2020: Revenue of $38.1M, expenses of $27.4M, and assets of $322.4M (revenue +25.1% year-over-year).
- 2019: Revenue of $30.4M, expenses of $30.8M, and assets of $289.6M (revenue +10.1% year-over-year).
- 2018: Revenue of $27.6M, expenses of $37.6M, and assets of $277.1M (revenue -18.4% year-over-year).
- 2017: Revenue of $33.9M, expenses of $28.2M, and assets of $294.3M (revenue -22.0% year-over-year).
- 2016: Revenue of $43.4M, expenses of $28.7M, and assets of $281.5M (revenue +29.9% year-over-year).
- 2015: Revenue of $33.4M, expenses of $19.4M, and assets of $271.4M (revenue +77.6% year-over-year).
- 2014: Revenue of $18.8M, expenses of $17.8M, and assets of $282.8M (revenue +26.1% year-over-year).
- 2013: Revenue of $14.9M, expenses of $16.3M, and assets of $277.3M (revenue +162.3% year-over-year).
- 2012: Revenue of $5.7M, expenses of $12.5M, and assets of $251.7M (revenue -73.6% year-over-year).
- 2011: Revenue of $21.6M, expenses of $13.3M, and assets of $229.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Open Space Institute Land Trust Inc:
Data Sources and Methodology
This transparency report for Open Space Institute Land Trust 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.