Buffalo State College Foundation Inc

Analysis

Buffalo State College Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 1966, 60 years ago. Its declared purposes cover education, which this site groups under education and training. 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 State College Foundation Inc reported income of $7.2m and spending of $5.8m, spending 80% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.6m to $7.2m (+58%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 105%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Buffalo State College Foundation Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Kipp Tulsa Academy College Preparatory Inc ($7.2m), Energized for STEM Academy Inc ($7.2m) and Crosstown High School Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% of the total. Other salaries and wages came to $78k. It paid $117k in professional fundraising fees. At year end it held assets of $101.7m against liabilities of $2.9m, net assets of $98.8m. It reported 70 employees.