Rental Assistance Corporation of Buffalo

Analysis

Rental Assistance Corporation of Buffalo is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in October 1993, 33 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Rental Assistance Corporation of Buffalo reported income of $4.5m and spending of $3.6m, spending 80% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $4.5m (+16%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rental Assistance Corporation of Buffalo sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include East Palo Alto Community Alliance & Neighborhood Development Organ ($4.5m), Housing Works Services Inc ($4.5m) and My House ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $318k (8.8% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $7.9m against liabilities of $556k, net assets of $7.3m. It reported 46 employees.