Western New York Book Artscollaborative

Analysis

Western New York Book Artscollaborative is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Western New York Book Artscollaborative reported income of $289k and spending of $279k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $358k to $289k (-19%), an average of -5.1% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Western New York Book Artscollaborative sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Atlanta Writers Club ($289k), Creative Opportunities Group Inc ($290k) and Maritime Explorium at Port Jeff Harbor ($289k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $53k (19% of expenses). Other salaries and wages came to $64k. At year end it held assets of $522k against liabilities of $176k, net assets of $346k. It reported 6 employees.