Buffalo Creek Academy Inc

Analysis

Buffalo Creek Academy Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Creek Academy Inc reported income of $3.2m and spending of $4.4m, spending 137% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $568k to $3.2m (+465%), an average of +78% a year. The sharpest change came in the year to June 2021, when income rose by 253%. Over the whole period it spent 113% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Buffalo Creek Academy 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Kids First Chicago for Education ($3.2m), American Academy of Art Inc ($3.2m) and Cardinal and Gold Fund Inc ($3.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $194k (4.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.3m against liabilities of $6.5m, net assets of -$1.2m. It reported 41 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.