Buffalo and Erie County Historical Society

Analysis

Buffalo and Erie County Historical Society is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 1945, 81 years ago. 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 and Erie County Historical Society reported income of $1.6m and spending of $2.2m, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buffalo and Erie County Historical Society sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The John M Barry Boys and Girls Club of Newton Inc ($1.6m), Arizona Association of Family Day Care Providers ($1.6m) and Border Network for Human Rights ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $103k (4.7% of expenses). Other salaries and wages came to $819k. At year end it held assets of $8.2m against liabilities of $672k, net assets of $7.5m. It reported 28 employees.