Quick charity verification for Buffalo Scholarships Foundation Inc (EIN: 204450548)
Verdict: Buffalo Scholarships Foundation Inc appears trustworthy
92/100Mission Score
$2.0MRevenue
$6.1MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth, reaching $5,612,836 in 2023.
Zero reported liabilities across all available filings.
0% reported officer compensation, indicating efficient use of funds.
Strong program focus, with expenses consistently well below revenue, suggesting high program spending efficiency.
Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent reporting.
Spending Breakdown
How Buffalo Scholarships Foundation Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
0%
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 Scholarships Foundation Inc
Is Buffalo Scholarships Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Buffalo Scholarships Foundation Inc (EIN: 204450548) appears trustworthy. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
Is Buffalo Scholarships Foundation Inc a good charity to donate to?
Buffalo Scholarships Foundation Inc has a Mission Score of 92/100. Revenue: $2.0M. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Buffalo Scholarships Foundation Inc?
The Employer Identification Number (EIN) for Buffalo Scholarships Foundation Inc is 204450548. 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 Scholarships Foundation Inc spend its money?
Buffalo Scholarships Foundation Inc allocates 95% to programs, 5% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Buffalo Scholarships Foundation Inc's tax-exempt status?
You can verify Buffalo Scholarships Foundation Inc's tax-exempt status using EIN 204450548 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 Scholarships Foundation Inc demonstrates strong financial health and a clear commitment to its program services. Over the past decade, the organization has consistently grown its assets, reaching $5,612,836 in 2023, with zero reported liabilities, indicating excellent financial stability. Revenue has fluctuated but shows a general upward trend, with the latest reported revenue at $861,370 in 2023. The foundation's spending efficiency is commendable, with a significant portion of its expenses consistently directed towards program services, as evidenced by the low overall expense ratios relative to revenue in most years.
The organization's transparency is high, particularly regarding executive compensation, which has been reported as 0% across all available filings. This suggests a volunteer-led or very lean administrative structure, ensuring that donor funds are maximized for direct program delivery. The consistent filing of IRS Form 990s over 13 periods further enhances its transparency, providing a clear historical record of its financial operations. Overall, Buffalo Scholarships Foundation Inc appears to be a well-managed and financially sound nonprofit.