Is Hearing Evaluation Services Of Buffalo Inc Legit?

Quick charity verification for Hearing Evaluation Services Of Buffalo Inc (EIN: 161164250)

Verdict: Hearing Evaluation Services Of Buffalo Inc appears trustworthy

92/100Mission Score
$8.2MRevenue
$2.7MAssets
1Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Hearing Evaluation Services Of Buffalo Inc demonstrates consistent financial growth and strong program spending efficiency. Over the past decade, the organization's revenue has steadily increased from $3.15 million in 2015 to $7.40 million in 2024, indicating a growing capacity to serve its mission. Expenses have closely tracked revenue, with the organization generally operating near break-even, as seen in the 2024 period where revenue was $7,404,942 and expenses were $7,394,949. This suggests a focus on deploying resources directly into operations rather than accumulating large surpluses. The organization's financial health appears stable, with assets growing from $829,239 in 2015 to $2,086,591 in 2024, outpacing liabilities. A key indicator of efficiency is the consistent reporting of 0% officer compensation across all available filings, which suggests a high degree of transparency and a commitment to directing funds towards programmatic activities rather than executive salaries. While specific breakdowns of program, administrative, and fundraising expenses are not detailed in the provided summary, the near break-even operations and zero officer compensation strongly imply a lean operational structure and efficient use of funds. Overall, Hearing Evaluation Services Of Buffalo Inc appears to be a financially sound and transparent organization, effectively managing its resources to support its mission. The consistent growth in revenue and assets, coupled with the absence of reported officer compensation, paints a picture of a well-managed nonprofit focused on its core services.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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