Techbuffalo Inc

Analysis

Techbuffalo Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Techbuffalo Inc reported income of $55k and spending of $1.0m, spending 1817% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.3m to $55k (-96%), an average of -65% a year. The sharpest change came in the year to December 2023, when income dropped by 93%. Over the whole period it spent 120% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Techbuffalo Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Gente de Venezuela ($55k), TPR Foundation ($55k) and Greater East St Louis Community Fund Inc ($55k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $566k. At year end it held assets of $445k against liabilities of $372k, net assets of $73k. It reported 6 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.