Buffalo Maritime Center Inc

Analysis

Buffalo Maritime Center Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 Maritime Center Inc reported income of $938k and spending of $506k, leaving 46% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $938k (+182%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 67% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Buffalo Maritime Center Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Valrico Youth Soccer Club Inc ($938k), Barrington Youth Baseball Inc ($938k) and Fond du Lac County Agricultural Society ($937k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 9.4% of the total. Other salaries and wages came to $172k. At year end it held assets of $1.7m against liabilities of $32k, net assets of $1.6m. It reported 14 employees.