Buffalo Institute for Medical Research Inc

Analysis

Buffalo Institute for Medical Research Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in October 1991, 35 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Buffalo Institute for Medical Research Inc reported income of $842k and spending of $896k, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $616k to $842k (+37%), an average of +8.1% a year. The sharpest change came in the year to September 2020, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Buffalo Institute for Medical Research Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Austin Clubhouse Inc ($842k), United States Association for the Study of Pain Inc ($842k) and Tuscaloosa Research and Education Advancement Corporation ($842k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 86% of the total. Compensation of current officers, directors and key employees was $71k (7.9% of expenses). Other salaries and wages came to $214k. At year end it held assets of $640k against liabilities of $650k, net assets of -$11k. It reported 13 employees.