Centro Culturale Italiano Di Buffalo Inc

Analysis

Centro Culturale Italiano Di Buffalo Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in June 2019, 7 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 (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, Centro Culturale Italiano Di Buffalo Inc reported income of $997k and spending of $514k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $131k to $997k (+664%), an average of +66% a year. The sharpest change came in the year to December 2020, when income rose by 738%. Over the whole period it spent 42% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Centro Culturale Italiano Di Buffalo Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Beagleboard Org Foundation ($997k), Missoula Art Museum ($998k) and The National Quilt Museum Inc ($997k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 5.6% of the total. It paid $42k in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $177k, net assets of $2.0m. It reported 6 employees.