Public Accountability Initiative Inc

Analysis

Public Accountability Initiative Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 March 2023, Public Accountability Initiative Inc reported income of $827k and spending of $645k, leaving 22% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $609k to $827k (+36%), an average of +7.9% a year. The sharpest change came in the year to March 2020, when income rose by 31%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Public Accountability Initiative Inc sits at the 75th percentile: it is larger than about 75% 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 Westside Preschool ($827k), Elizabeth Seton Care Center ($827k) and Francis Asbury Society Inc ($827k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $79k (12% of expenses). Other salaries and wages came to $354k. At year end it held assets of $876k against liabilities of $5,371, net assets of $871k. It reported 9 employees.