St Francis of Buffalo Inc

Analysis

St Francis of Buffalo Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, St Francis of Buffalo Inc reported income of $2.5m and spending of $2.8m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.5m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 118% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, St Francis of Buffalo Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Emmanuel Christian Academy ($2.5m), Market House Theatre of Paducah Kentucky Inc ($2.5m) and Girl Scouts of Alaska ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. Other salaries and wages came to $940k. At year end it held assets of $10.2m against liabilities of $10.4m, net assets of -$181k. It reported 30 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.