Buffalo Arts and Technology Center Inc

Analysis

Buffalo Arts and Technology Center Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 2013, 13 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Buffalo Arts and Technology Center Inc reported income of $1.0m and spending of $2.1m, spending 203% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.0m (-44%), an average of -13% a year. The sharpest change came in the year to December 2022, when income rose by 214%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buffalo Arts and Technology Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include The Gettysburg Fire Department ($1.0m), Habitat for Humanity International Inc ($1.0m) and The Maryland Salem Childrens Trust Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $262k (13% of expenses). Other salaries and wages came to $833k. At year end it held assets of $2.7m against liabilities of $133k, net assets of $2.5m. It reported 35 employees.