Buffalo String Works Inc

Analysis

Buffalo String Works Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 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 August 2023, Buffalo String Works Inc reported income of $995k and spending of $948k, spending 95% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $264k to $995k (+277%), an average of +39% a year. The sharpest change came in the year to August 2022, when income rose by 59%. Over the whole period it spent 85% 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 String Works Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Hammond Blessed 25th ($995k), El Sistema USA Salinas Inc ($995k) and Childrens Museum Foundation Corp ($994k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Other salaries and wages came to $598k. At year end it held assets of $780k against liabilities of $177k, net assets of $603k. It reported 29 employees.