Buffalo Philharmonic Orchestra Foundation Inc

Analysis

Buffalo Philharmonic Orchestra Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 1980, 46 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Buffalo Philharmonic Orchestra Foundation Inc reported income of $1.3m and spending of $1.7m, spending 138% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $773k to $1.3m (+64%), an average of +13% a year. The sharpest change came in the year to August 2021, when income rose by 153%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buffalo Philharmonic Orchestra Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Comparative and International Education Society ($1.3m), Learning Center ($1.3m) and Arc of Adams County ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 29% of the total. At year end it held assets of $37.0m against liabilities of $103k, net assets of $36.9m.