Buffalo Erie Niagara Land Improvement Corporation

Analysis

Buffalo Erie Niagara Land Improvement Corporation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 Erie Niagara Land Improvement Corporation reported income of $938k and spending of $1.4m, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $938k (-68%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Buffalo Erie Niagara Land Improvement Corporation sits at the 76th percentile: it is larger than about 76% 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 Jefferson Facilities Inc ($938k), Skilled Trades of West Alabama ($938k) and Conprmetidos ($937k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $141k (9.9% of expenses). Other salaries and wages came to $178k. At year end it held assets of $3.7m against liabilities of $358k, net assets of $3.3m. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.