Buffalo Naval Park Committee Inc

Analysis

Buffalo Naval Park Committee Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 1977, 49 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Buffalo Naval Park Committee Inc reported income of $2.6m and spending of $3.4m, spending 131% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.3m to $2.6m (+106%), an average of +27% a year. The sharpest change came in the year to March 2022, when income rose by 53%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buffalo Naval Park Committee Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Nonprofit Information Networking Association ($2.6m), Sacramento Region Performing Arts Alliance ($2.6m) and Madison Opera Inc ($2.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 52% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $97k (2.9% of expenses). Other salaries and wages came to $581k. At year end it held assets of $2.7m against liabilities of $752k, net assets of $1.9m. It reported 42 employees.