Cubrc Inc

Analysis

Cubrc Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in October 1998, 28 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Cubrc Inc reported income of $60.3m and spending of $57.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.2m to $60.3m (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cubrc Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include San Francisco Ballet Association ($59.8m), Norton Museum of Art Inc ($60.3m) and Connected Giving Foundation ($59.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $6.7m (12% of expenses). Other salaries and wages came to $16.2m. At year end it held assets of $47.7m against liabilities of $30.8m, net assets of $16.9m. It reported 241 employees.