Buffalo-Erie Marathon Association Inc

Analysis

Buffalo-Erie Marathon Association Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 2002, 24 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 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 December 2023, Buffalo-Erie Marathon Association Inc reported income of $799k and spending of $709k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $703k to $799k (+14%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income rose by 56%. Over the whole period it spent 104% 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-Erie Marathon Association 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 Kings and Priests Ministry ($798k), Elements of Education Partners ($799k) and Beth Abraham-Cnr Foundation ($798k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $64k (9.1% of expenses). Other salaries and wages came to $50k. At year end it held assets of $315k against liabilities of $281k, net assets of $35k. It reported 7 employees.