Wellwood Cemetery Association Inc
Wellwood Cemetery Association Inc. shows consistent financial growth and stability with no reported officer compensation.
EIN: 131462845 · Farmingdale, NY · Updated: 2026-03-28
Is Wellwood Cemetery Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Wellwood Cemetery Association Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Wellwood Cemetery Association Inc
Wellwood Cemetery Association Inc (EIN: 131462845) is a nonprofit organization based in Farmingdale, NY. The organization reported total revenue of $13.1M and total assets of $73.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wellwood Cemetery Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wellwood Cemetery Association Inc is a large nonprofit that has been operating for 86 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.9M |
| Total Expenses | $5.3M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $70.3M |
| Total Liabilities | $448K |
| Net Assets | $69.8M |
| Operating Margin | 33.4% |
| Debt-to-Asset Ratio | 0.6% |
| Months of Reserves | 160.0 months |
Financial Health Grade: A
In 2023, Wellwood Cemetery Association Inc reported a surplus of $2.6M with revenue exceeding expenses, holds 160.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Wellwood Cemetery Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | -2.8% | +3.9% |
| 2022 | +2.5% | +6.7% | +3.8% |
| 2021 | +7.4% | +4.1% | +4.4% |
| 2020 | +13.9% | -6.6% | +3.8% |
| 2019 | -11.3% | +1.7% | +1.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1940 |
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 Wellwood Cemetery Association Inc with a Mission Score of 95 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: 90%
- fundraising: 0%
According to IRS 990 filings, Wellwood Cemetery Association Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.6%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating either a volunteer-led executive team or that compensation is structured in a way not captured by this specific metric, which is highly favorable for resource allocation relative to the organization's substantial assets of over $70 million.
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 Wellwood Cemetery Association Inc:
- Consistent revenue exceeding expenses, indicating strong operational efficiency (e.g., 2023 revenue $7,908,670 vs. expenses $5,269,668).
- Significant and consistent asset growth over a decade, from $51,020,807 in 2014 to $70,263,230 in 2023.
- Zero reported officer compensation across all available filings, suggesting highly efficient use of funds.
- Low liabilities relative to assets, indicating a healthy balance sheet (e.g., 2023 liabilities $448,023 vs. assets $70,263,230).
- Long history of consistent IRS 990 filings (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about Wellwood Cemetery Association Inc
Is Wellwood Cemetery Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Wellwood Cemetery Association Inc (EIN: 131462845) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Wellwood Cemetery Association Inc spend its money?
Wellwood Cemetery Association Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Wellwood Cemetery Association Inc tax-deductible?
Wellwood Cemetery Association Inc is registered as a tax-exempt nonprofit (EIN: 131462845). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Wellwood Cemetery Association Inc. financially stable?
Yes, the organization is highly financially stable, consistently generating more revenue than expenses and showing steady asset growth from $51,020,807 in 2014 to $70,263,230 in 2023.
How does Wellwood Cemetery Association Inc. manage executive compensation?
The available IRS 990 data indicates 0% officer compensation across all filings, suggesting a very lean or volunteer-based executive structure, which is a strong positive for resource efficiency.
Are the organization's assets growing?
Yes, assets have shown consistent growth, increasing from $51,020,807 in 2014 to $70,263,230 in 2023, demonstrating strong financial management and reinvestment.
Filing History
IRS 990 filing history for Wellwood Cemetery Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wellwood Cemetery Association Inc's revenue has grown by 2.3%, moving from $7.7M to $7.9M. Total assets increased by 51.3% over the same period, from $46.5M to $70.3M. Total functional expenses fell by 18%, from $6.4M to $5.3M. In its most recent filing year (2023), Wellwood Cemetery Association Inc reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $448K in liabilities against $70.3M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $69.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.9M | $5.3M | $70.3M | $448K | — | — |
| 2022 | $7.9M | $5.4M | $67.6M | $471K | — | — |
| 2021 | $7.7M | $5.1M | $65.2M | $458K | — | View 990 |
| 2020 | $7.2M | $4.9M | $62.5M | $332K | — | — |
| 2019 | $6.3M | $5.2M | $60.1M | $300K | — | View 990 |
| 2018 | $7.1M | $5.1M | $59.0M | $218K | — | View 990 |
| 2017 | $7.1M | $5.0M | $57.1M | $272K | — | View 990 |
| 2016 | $7.0M | $5.2M | $55.0M | $210K | — | View 990 |
| 2015 | $7.1M | $4.9M | $53.3M | $215K | — | View 990 |
| 2014 | $6.4M | $4.8M | $51.0M | $229K | — | View 990 |
| 2013 | $8.2M | $6.5M | $49.4M | $205K | — | View 990 |
| 2012 | $7.9M | $6.4M | $47.8M | $255K | — | View 990 |
| 2011 | $7.7M | $6.4M | $46.5M | $372K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.9M, expenses of $5.3M, and assets of $70.3M (revenue +0.5% year-over-year).
- 2022: Revenue of $7.9M, expenses of $5.4M, and assets of $67.6M (revenue +2.5% year-over-year).
- 2021: Revenue of $7.7M, expenses of $5.1M, and assets of $65.2M (revenue +7.4% year-over-year).
- 2020: Revenue of $7.2M, expenses of $4.9M, and assets of $62.5M (revenue +13.9% year-over-year).
- 2019: Revenue of $6.3M, expenses of $5.2M, and assets of $60.1M (revenue -11.3% year-over-year).
- 2018: Revenue of $7.1M, expenses of $5.1M, and assets of $59.0M (revenue +0.4% year-over-year).
- 2017: Revenue of $7.1M, expenses of $5.0M, and assets of $57.1M (revenue +1.3% year-over-year).
- 2016: Revenue of $7.0M, expenses of $5.2M, and assets of $55.0M (revenue -2.3% year-over-year).
- 2015: Revenue of $7.1M, expenses of $4.9M, and assets of $53.3M (revenue +12.2% year-over-year).
- 2014: Revenue of $6.4M, expenses of $4.8M, and assets of $51.0M (revenue -23.0% year-over-year).
- 2013: Revenue of $8.2M, expenses of $6.5M, and assets of $49.4M (revenue +5.0% year-over-year).
- 2012: Revenue of $7.9M, expenses of $6.4M, and assets of $47.8M (revenue +1.5% year-over-year).
- 2011: Revenue of $7.7M, expenses of $6.4M, and assets of $46.5M.
Data Sources and Methodology
This transparency report for Wellwood Cemetery Association 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.