Westchester Parks Foundation Inc

Is Westchester Parks Foundation Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Westchester Parks Foundation Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Westchester Parks Foundation Inc

Westchester Parks Foundation Inc (EIN: 132937499) is a nonprofit organization based in Mount Kisco, NY. The organization reported total revenue of $4.4M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Westchester Parks Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Westchester Parks Foundation Inc with a Mission Score of 85 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: 75%
• fundraising: 10%

According to IRS 990 filings, Westchester Parks Foundation Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The reported 0% officer compensation across all available filings is notable for an organization with revenues exceeding $3 million, suggesting either that executive compensation is very low or that it is categorized differently within their financial statements, warranting further inquiry for full transparency.

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 Westchester Parks Foundation Inc's IRS 990 filings:

• Consistent 0% officer compensation reported, which may obscure actual executive remuneration if categorized elsewhere.

Strengths

The following positive indicators were identified for Westchester Parks Foundation Inc:

• Consistent revenue growth from $1.2M in 2013 to $3.7M in 2022, demonstrating strong fundraising capabilities.
• Healthy asset growth from $2.09M in 2013 to $4.35M in 2022, indicating good financial stewardship.
• Relatively low liabilities compared to assets, suggesting a stable financial structure (e.g., $1.47M liabilities vs $4.35M assets in 2022).

Frequently Asked Questions about Westchester Parks Foundation Inc

Filing History

IRS 990 filing history for Westchester Parks Foundation Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2010–2022), Westchester Parks Foundation Inc's revenue has grown by 29.9%, moving from $2.9M to $3.7M. Total assets increased by 82.2% over the same period, from $2.4M to $4.4M. Total functional expenses rose by 32.2%, from $2.9M to $3.8M. In its most recent filing year (2022), Westchester Parks Foundation Inc reported a deficit of $48K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $4.4M in assets (debt-to-asset ratio: 33.9%), resulting in net assets of $2.9M.

Year-by-Year Financial Summary

• 2022: Revenue of $3.7M, expenses of $3.8M, and assets of $4.4M (revenue -2.6% year-over-year).
• 2021: Revenue of $3.8M, expenses of $3.2M, and assets of $3.7M (revenue +0.0% year-over-year).
• 2020: Revenue of $3.8M, expenses of $3.0M, and assets of $2.7M (revenue +28.7% year-over-year).
• 2019: Revenue of $3.0M, expenses of $2.9M, and assets of $2.0M (revenue +18.8% year-over-year).
• 2018: Revenue of $2.5M, expenses of $2.9M, and assets of $2.1M (revenue -17.9% year-over-year).
• 2017: Revenue of $3.0M, expenses of $2.5M, and assets of $2.5M (revenue +95.5% year-over-year).
• 2016: Revenue of $1.6M, expenses of $1.7M, and assets of $1.7M (revenue +7.7% year-over-year).
• 2015: Revenue of $1.4M, expenses of $1.7M, and assets of $2.0M (revenue -6.8% year-over-year).
• 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $2.2M (revenue +29.0% year-over-year).
• 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $2.1M (revenue +28.1% year-over-year).
• 2012: Revenue of $939K, expenses of $914K, and assets of $2.0M (revenue -53.4% year-over-year).
• 2011: Revenue of $2.0M, expenses of $2.4M, and assets of $2.0M (revenue -29.9% year-over-year).
• 2010: Revenue of $2.9M, expenses of $2.9M, and assets of $2.4M.

Data Sources and Methodology

This transparency report for Westchester Parks Foundation 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.