North Park Theatre of Buffalo Inc

Analysis

North Park Theatre of Buffalo 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. 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, North Park Theatre of Buffalo Inc reported income of $424k and spending of $463k, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $560k to $424k (-24%), an average of -6.7% a year. The sharpest change came in the year to June 2021, when income dropped by 62%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, North Park Theatre of Buffalo Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Our Daily Bread of Bradenton Inc ($424k), Society of American Military Engineers ($424k) and Crescent Islamic Montessori School ($424k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $29k (6.2% of expenses). Other salaries and wages came to $124k. At year end it held assets of $940k against liabilities of $655k, net assets of $285k. It reported 12 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.