Community Foundation for Greater Buffalo Inc

Analysis

Community Foundation for Greater Buffalo Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Community Foundation for Greater Buffalo Inc reported income of $55.0m and spending of $41.6m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $60.6m to $55.0m (-9.3%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 170%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Community Foundation for Greater Buffalo Inc sits at the 99th percentile: it is larger than about 99% of them. 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 Jupiter Medical Center Foundation Inc ($54.7m), Community Foundation for Greater New Haven ($55.3m) and Baton Rouge Area Foundation ($54.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $695k (1.7% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $880.1m against liabilities of $186.2m, net assets of $694.0m. It reported 55 employees.