U B Foundation Activities Inc

Analysis

U B Foundation Activities Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1991, 35 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, U B Foundation Activities Inc reported income of $98.9m and spending of $98.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $102.1m to $98.9m (-3.2%), an average of -0.8% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, U B Foundation Activities Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Saint Thomas Regional Hospitals ($98.8m), Smile Train Inc ($99.4m) and Sunnybrook Foundation ($98.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $625k (0.6% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $146.3m against liabilities of $22.0m, net assets of $124.3m. It reported 43 employees.