Buffalo Hearing and Speech Center F Oundation Inc

Analysis

Buffalo Hearing and Speech Center F Oundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Buffalo Hearing and Speech Center F Oundation Inc reported income of $837k and spending of $503k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $837k (+79%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 240%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Buffalo Hearing and Speech Center F Oundation Inc sits at the 79th percentile: it is larger than about 79% 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 Trust for the Benefit of Boydton Umc Boydton VFD and Boydton Rescue ($837k), Bexley Community Foundation ($837k) and Lower Rio Grande Valley Regional Advisory Council on Trauma Service ($837k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $2.2m against liabilities of $975, net assets of $2.2m.