Buffalo Collegiate Charter School

Analysis

Buffalo Collegiate Charter School is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 2018, 8 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Buffalo Collegiate Charter School reported income of $4.6m and spending of $4.7m, spending 102% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.5m to $4.6m (+85%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Buffalo Collegiate Charter School sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Deep Springs Corporation ($4.6m), Arc of Washington-Holmes Counties Inc ($4.6m) and Plumbers and Pipefitters Apprenticeship Fund ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $102k (2.2% of expenses). Other salaries and wages came to $2.3m. It paid $9,000 in professional fundraising fees. At year end it held assets of $807k against liabilities of $244k, net assets of $563k. It reported 81 employees.