Buffalo Seminary

Analysis

Buffalo Seminary is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 1935, 91 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Buffalo Seminary reported income of $5.4m and spending of $7.2m, spending 134% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $6.7m to $5.4m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Buffalo Seminary sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Bowles Hall Foundation ($5.4m), Bear Grass Charter School Inc ($5.4m) and Green Mountain Higher Education Consortium Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $202k (2.8% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $18.1m against liabilities of $1.6m, net assets of $16.5m. It reported 93 employees.