Old Westbury College Foundation Inc

Analysis

Old Westbury College Foundation Inc is a registered charity in United States, based in Old Westbury, NY. It received its IRS tax-exemption ruling in February 1982, 44 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 June 2024, Old Westbury College Foundation Inc reported income of $647k and spending of $351k, leaving 46% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $483k to $647k (+34%), an average of +6.0% a year. The sharpest change came in the year to June 2024, when income rose by 73%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Westbury College Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Humane Society for Boone County Inc ($647k), Sister Jeromes Schools Inc ($647k) and Duniway All Stars Child Care Inc ($647k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% of the total. At year end it held assets of $3.3m against liabilities of $15k, net assets of $3.2m.