Buffalo Arts Studio

Analysis

Buffalo Arts Studio is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Arts Studio reported income of $702k and spending of $588k, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $360k to $702k (+95%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 76% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buffalo Arts Studio sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Junebug Productions ($702k), Touchstone ($702k) and Children First Foundation ($702k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $60k (10% of expenses). Other salaries and wages came to $242k. At year end it held assets of $975k against liabilities of $125k, net assets of $850k. It reported 6 employees.