Buffalo Renaissance Foundation Inc

Analysis

Buffalo Renaissance Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 1984, 42 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Buffalo Renaissance Foundation Inc reported income of $222k and spending of $239k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $251k to $222k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2022, when income rose by 139%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Buffalo Renaissance Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include American Friends of Torah B-Yisrael Inc ($222k), Fox Cares Foundation Inc ($222k) and Mission Indy Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $36k (15% of expenses). At year end it held assets of $2.3m against liabilities of $11k, net assets of $2.3m.