Literacy New York Buffalo-Niagara Inc

Analysis

Literacy New York Buffalo-Niagara Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 1973, 53 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 June 2024, Literacy New York Buffalo-Niagara Inc reported income of $633k and spending of $623k, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $421k to $633k (+50%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 38%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Literacy New York Buffalo-Niagara Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Baseball Parents Inc ($633k), Acadiana Open Channel Inc ($633k) and Community Food Pantry ($633k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $95k (15% of expenses). Other salaries and wages came to $160k. At year end it held assets of $514k against liabilities of $12k, net assets of $502k. It reported 9 employees.