Say Yes Buffalo Scholarship Inc

Analysis

Say Yes Buffalo Scholarship Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Say Yes Buffalo Scholarship Inc reported income of $13.6m and spending of $13.9m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $13.6m (+170%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 107%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Say Yes Buffalo Scholarship Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Central Valley Christian School Society ($13.6m), The Management Center ($13.6m) and Marin Primary & Middle School ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $486k (3.5% of expenses). Other salaries and wages came to $7.2m. At year end it held assets of $34.5m against liabilities of $17.4m, net assets of $17.1m. It reported 219 employees.