Buffalo & Erie County Industrial Land Development Corp

Analysis

Buffalo & Erie County Industrial Land Development Corp is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in October 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Buffalo & Erie County Industrial Land Development Corp reported income of $6.8m and spending of $6.5m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $6.8m (+507%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 229%. Over the whole period it spent 93% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Buffalo & Erie County Industrial Land Development Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Business Impact NW ($6.8m), National Accrediting Commission of Career Arts & Sciences Inc ($6.8m) and The Registry Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. At year end it held assets of $17.1m against liabilities of $9.6m, net assets of $7.6m.