Invest Buffalo Niagara Foundation Inc

Analysis

Invest Buffalo Niagara Foundation Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Invest Buffalo Niagara Foundation Inc reported income of $280k and spending of $276k, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $325k to $280k (-14%), an average of -4.9% a year. The sharpest change came in the year to June 2022, when income rose by 92%. Over the whole period it spent 71% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Invest Buffalo Niagara Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include 4 the Love Foundation ($280k), Alliance for Rural Impact ($280k) and Fayetteville State University Development Corporation ($280k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $630k against liabilities of $306k, net assets of $324k.