University Neurology Inc

Analysis

University Neurology Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University Neurology Inc reported income of $28.0m and spending of $29.3m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.6m to $28.0m (+43%), an average of +9.3% a year. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, University Neurology Inc 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Community Dialysis Center ($28.0m), Baystate Health Inc ($28.0m) and Agency for Community Treatment Services Inc ($28.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $724k (2.5% of expenses). Other salaries and wages came to $8.7m. At year end it held assets of $7.3m against liabilities of $7.8m, net assets of -$575k. It reported 153 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.