Buffalo Heritage Carousel Inc

Analysis

Buffalo Heritage Carousel Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 2015, 11 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, Buffalo Heritage Carousel Inc reported income of $380k and spending of $520k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $399k to $380k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to December 2020, when income rose by 672%. Over the whole period it spent 46% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Buffalo Heritage Carousel Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Harrison Center for the Arts Parents Association Inc ($380k), International Psychoanalytical Association Fund Delaware ($380k) and World War II Airborne Demonstration Team Foundation ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $63k (12% of expenses). Other salaries and wages came to $46k. At year end it held assets of $4.5m against liabilities of $1.6m, net assets of $2.9m. It reported 8 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.