Old Westbury Gardens Inc

Analysis

Old Westbury Gardens Inc is a registered charity in United States, based in Old Westbury, NY. It received its IRS tax-exemption ruling in January 2003, 23 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Old Westbury Gardens Inc reported income of $4.8m and spending of $5.0m, spending 103% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $484k to $4.8m (+895%), an average of +58% a year. The sharpest change came in the year to March 2020, when income rose by 752%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Westbury Gardens Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Community Action Partnership of Middle Alabama Inc ($4.8m), Rubicon Insurance Company ($4.8m) and Chugach Regional Resources ($4.8m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 68% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $346k (7.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $38.9m against liabilities of $3.0m, net assets of $36.0m. It reported 100 employees.