Canisius University of Buffalo New York

Analysis

Canisius University of Buffalo New York is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 1971, 55 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 May 2023, Canisius University of Buffalo New York reported income of $99.9m and spending of $104.6m, spending 105% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $104.3m to $99.9m (-4.1%), an average of -1.1% a year. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Canisius University of Buffalo New York sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Iolani School ($99.3m), Kaiser Permanente Bernard J Tyson School of Medicine Inc ($100.3m) and St Pauls School ($98.9m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 10% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $1.3m (1.2% of expenses). Other salaries and wages came to $27.6m. At year end it held assets of $276.1m against liabilities of $65.7m, net assets of $210.4m. It reported 1,402 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.