Quick charity verification for Buffalo Prep Inc (EIN: 161359846)
Verdict: Buffalo Prep Inc appears trustworthy
85/100Mission Score
$3.0MRevenue
$6.4MAssets
2Red Flags
3Strengths
Red Flags
0% Officer Compensation reported across all filings, which is unusual for an organization of this size and may obscure actual executive remuneration.
NTEE Code is unknown, which limits understanding of the organization's specific programmatic focus and comparability with peers.
Strengths
Consistent and significant asset growth, from $1,326,100 in 201406 to $5,711,993 in 202306, indicating strong financial stewardship.
Low liabilities relative to assets ($83,526 in 202306 vs. $5,711,993 in assets), suggesting financial stability and limited debt reliance.
Sustained revenue growth over the past decade, from $1,271,876 in 201406 to over $2.3 million in 202306, demonstrating effective fundraising and donor support.
Spending Breakdown
How Buffalo Prep Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Buffalo Prep Inc
Is Buffalo Prep Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Buffalo Prep Inc (EIN: 161359846) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Buffalo Prep Inc a good charity to donate to?
Buffalo Prep Inc has a Mission Score of 85/100. Revenue: $3.0M. Assets: $6.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Buffalo Prep Inc?
The Employer Identification Number (EIN) for Buffalo Prep Inc is 161359846. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Buffalo Prep Inc spend its money?
Buffalo Prep Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Buffalo Prep Inc's tax-exempt status?
You can verify Buffalo Prep Inc's tax-exempt status using EIN 161359846 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Buffalo Prep Inc. demonstrates a generally healthy financial position with consistent revenue generation and asset growth over the past decade. In the most recent filing (202306), the organization reported revenues of $2,374,083 against expenses of $2,423,569, indicating a slight operational deficit for that period. However, this follows several years of revenue exceeding expenses, contributing to a robust asset base of $5,711,993. The organization's liabilities remain relatively low, at $83,526 in 202306, suggesting good financial management and limited reliance on debt.
The consistent growth in assets from $1,326,100 in 201406 to $5,711,993 in 202306, alongside a significant increase in revenue from $1,271,876 to over $2.3 million, points to a growing and stable organization. The absence of reported officer compensation across all available filings is a notable aspect of its transparency and financial structure, indicating that top leadership may be compensated through other means or that the organization operates with a volunteer-led executive structure, which can be a positive sign for donor confidence. Further details on program spending versus administrative and fundraising costs would provide a more complete picture of spending efficiency.