Open Buffalo Inc

Analysis

Open Buffalo Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Open Buffalo Inc reported income of $1.5m and spending of $1.6m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Buffalo Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Rediscover Center Inc ($1.5m), Van Wert County Agricultural Society ($1.5m) and Young Mens Christian Association of Southwest Washington ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $100k (6.2% of expenses). Other salaries and wages came to $533k. At year end it held assets of $848k against liabilities of $440k, net assets of $408k. It reported 20 employees.