Buffalo Laborers Training Fund

Analysis

Buffalo Laborers Training Fund is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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 Laborers Training Fund reported income of $782k and spending of $795k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $666k to $782k (+17%), an average of +5.5% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buffalo Laborers Training Fund sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Ivinson Memorial Hospital Foundation ($782k), Rotary Club Youth Camp Association Inc ($783k) and Long Branch First Aid and Safety Squad Corp ($782k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $186k (23% of expenses). Other salaries and wages came to $165k. At year end it held assets of $1.0m against liabilities of $7,840, net assets of $1.0m. It reported 4 employees.