Preservation Buffalo Niagara

Analysis

Preservation Buffalo Niagara is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in September 1989, 37 years ago. 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, Preservation Buffalo Niagara reported income of $2.4m and spending of $612k, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $341k to $2.4m (+604%), an average of +63% a year. The sharpest change came in the year to December 2022, when income rose by 150%. Over the whole period it spent 60% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Preservation Buffalo Niagara sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Crossroads School ($2.4m), Le Royer Foundation ($2.4m) and Montachusett Veterans Outreach Center Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.5% of the total. Compensation of current officers, directors and key employees was $69k (11% of expenses). Other salaries and wages came to $223k. At year end it held assets of $2.2m against liabilities of $16k, net assets of $2.2m. It reported 9 employees.