The Childrens Hospital of Buffalo Foundation

Analysis

The Childrens Hospital of Buffalo Foundation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, The Childrens Hospital of Buffalo Foundation reported income of $12.3m and spending of $17.4m, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $14.0m to $12.3m (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Childrens Hospital of Buffalo Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Concord Hospital Trust ($12.3m), Bridges Medical Center ($12.3m) and The Foundation for Delaware County ($12.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $374k (2.1% of expenses). Other salaries and wages came to $898k. At year end it held assets of $76.1m against liabilities of $14.5m, net assets of $61.5m. It reported 16 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.