Buffalo Prep Inc

Analysis

Buffalo Prep Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 1994, 32 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 June 2023, Buffalo Prep Inc reported income of $2.4m and spending of $2.4m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.4m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buffalo Prep Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Friends to Parents ($2.4m), Tarrant County Challenge Inc ($2.4m) and Simmons Center Foundation ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $128k (5.3% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $5.7m against liabilities of $84k, net assets of $5.6m. It reported 94 employees.