Buffalo Hearing and Speech Center Inc

Analysis

Buffalo Hearing and Speech Center Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 1960, 66 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Hearing and Speech Center Inc reported income of $22.2m and spending of $22.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.4m to $22.2m (+9.1%), an average of +2.2% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Buffalo Hearing and Speech Center Inc sits at the 89th percentile: it is larger than about 89% 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 Coteau Des Prairies Hospital ($22.2m), Lamprey Health Care Inc ($22.2m) and The Roads Foundation Inc ($22.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $456k (2.0% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $8.7m against liabilities of $3.3m, net assets of $5.4m. It reported 504 employees.