Buffalo Suzuki Strings Inc

Analysis

Buffalo Suzuki Strings Inc is a registered charity in United States, based in N Tonawanda, NY. It received its IRS tax-exemption ruling in November 1983, 43 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Buffalo Suzuki Strings Inc reported income of $665k and spending of $654k, spending 98% of its income. Across the 4 years on record, from July 2020 to July 2023, income fell from $767k to $665k (-13%), an average of -4.7% a year. The sharpest change came in the year to July 2021, when income dropped by 21%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buffalo Suzuki Strings Inc sits at the 81st percentile: it is larger than about 81% 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 Cognitive Neuroscience Society ($665k), Seminary Ridge Historic Preservat Ion Foundation ($665k) and Champaign Aviation Museum ($664k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 15% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $76k (12% of expenses). Other salaries and wages came to $298k. At year end it held assets of $1.8m against liabilities of $143k, net assets of $1.6m. It reported 15 employees.