Western New York Technology Development Center Inc

Analysis

Western New York Technology Development Center Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 1984, 42 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Western New York Technology Development Center Inc reported income of $2.6m and spending of $2.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western New York Technology Development Center 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 White Ash Broadcasting Inc ($2.6m), Faith and Politics Institute ($2.6m) and South Texas Institute for the Arts ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $323k (13% of expenses). Other salaries and wages came to $838k. At year end it held assets of $1.2m against liabilities of $356k, net assets of $846k. It reported 10 employees.