Buffalo Society of Artists

Analysis

Buffalo Society of Artists is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Buffalo Society of Artists reported income of $53k and spending of $56k, spending 106% of what it took in. Across the 2 years on record, from October 2022 to October 2023, income grew from $47k to $53k (+13%), an average of +13% a year. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buffalo Society of Artists sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Timeless Concerts ($53k), Bay Area Chinese Musician Association ($53k) and Hagerman Valley Historical Society ($53k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 69% and program service revenue 8.1% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.