Buffalo Academy of Science Charter School

Analysis

Buffalo Academy of Science Charter School is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Buffalo Academy of Science Charter School reported income of $22.5m and spending of $21.9m, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $11.4m to $22.5m (+98%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 50%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Buffalo Academy of Science Charter School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Southern Oregon Child and Family Council Inc ($22.5m), Oxford Preparatory Academy ($22.5m) and Alcuin School ($22.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $412k (1.9% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $39.1m against liabilities of $34.4m, net assets of $4.7m. It reported 339 employees.