Buffalo Neighborhood Stabilization Company Inc

Analysis

Buffalo Neighborhood Stabilization Company Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Buffalo Neighborhood Stabilization Company Inc reported income of $2.2m and spending of $1.7m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.2m (+98%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 75%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Buffalo Neighborhood Stabilization Company Inc sits at the 83rd percentile: it is larger than about 83% 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 Harlem West II Housing Dev Fund Co Inc ($2.2m), Hebron House of Hospitality Inc ($2.2m) and Price Hill Will ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Other salaries and wages came to $245k. At year end it held assets of $4.7m against liabilities of $1.4m, net assets of $3.3m. It reported 9 employees.