Buffalo Federation of Neighborhood Centers Inc

Analysis

Buffalo Federation of Neighborhood Centers Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1982, 44 years ago. 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 Federation of Neighborhood Centers Inc reported income of $10.0m and spending of $9.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.3m to $10.0m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buffalo Federation of Neighborhood Centers Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Northeast Florida Healthy Start Coalition Inc ($10.0m), El Bethel Arms Inc ($10.0m) and Child Care Council Inc ($10.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $494k (5.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $13.5m against liabilities of $8.3m, net assets of $5.2m. It reported 146 employees.