Library Foundation of Buffalo and Erie County Inc

Analysis

Library Foundation of Buffalo and Erie County Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 1992, 34 years ago. Its declared purposes cover education, which this site groups under education and training. 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 March 2024, Library Foundation of Buffalo and Erie County Inc reported income of $89k and spending of $103k, spending 116% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $44k to $89k (+102%), an average of +19% a year. The sharpest change came in the year to March 2021, when income rose by 47%. Over the whole period it spent 155% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Library Foundation of Buffalo and Erie County Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Redmond Foundation ($89k), University of Missouri at St Louis Alumni Association ($89k) and Horse Farm Workers Educational Assistance Fund Inc ($89k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 77% of the total. At year end it held assets of $3.3m against liabilities of $0, net assets of $3.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.