Niagara Frontier Radio Reading Service Inc

Analysis

Niagara Frontier Radio Reading Service Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 1986, 40 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 September 2023, Niagara Frontier Radio Reading Service Inc reported income of $79k and spending of $269k, spending 342% of what it took in. Across the 2 years on record, from September 2022 to September 2023, income grew from $74k to $79k (+5.5%), an average of +5.5% a year. Over the whole period it spent 345% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Niagara Frontier Radio Reading Service Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include World Harvest Ministries Inc ($79k), PTA Texas Congress ($79k) and Florence Huss Memorial Fund for Bell Tower Residents ($79k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $36k (13% of expenses). Other salaries and wages came to $110k. At year end it held assets of $632k against liabilities of $1.2m, net assets of -$572k.