Nichols School of Buffalo

Analysis

Nichols School of Buffalo is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 1950, 76 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, Nichols School of Buffalo reported income of $21.0m and spending of $21.5m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $19.4m to $21.0m (+8.3%), an average of +2.0% a year. The sharpest change came in the year to June 2021, when income rose by 121%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nichols School of Buffalo sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Associated Students Inc Calif State Poly University Pomona ($21.0m), Alternative Paths Training School Inc ($21.0m) and Options for Youth-San Bernardino Inc ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $732k (3.4% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $103.5m against liabilities of $8.9m, net assets of $94.6m. It reported 236 employees.