University at Buffalo Foundation Incubator Inc

Analysis

University at Buffalo Foundation Incubator Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University at Buffalo Foundation Incubator Inc reported income of $888k and spending of $639k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $512k to $888k (+73%), an average of +15% a year. The sharpest change came in the year to June 2020, when income rose by 239%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University at Buffalo Foundation Incubator Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Higher Education Data Sharing Consortium ($888k), Kingdom College ($888k) and Latinx Education Collaborative ($888k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. At year end it held assets of $1.3m against liabilities of $244k, net assets of $1.0m.