Buffalo Hearing And Speech Center Inc
Buffalo Hearing And Speech Center Inc maintains stable operations with fluctuating assets and no reported officer compensation.
EIN: 160776186 · Buffalo, NY · NTEE: E56Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $24.3M |
| Total Expenses | $22.4M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $5.4M |
| Transparency Score | 80/100 |
Is Buffalo Hearing And Speech Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo Hearing And Speech Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo Hearing And Speech Center Inc
Buffalo Hearing And Speech Center Inc (EIN: 160776186) is a nonprofit organization based in Buffalo, NY, classified under NTEE code E56Z. The organization reported total revenue of $24.3M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo Hearing And Speech Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo Hearing And Speech Center Inc is a large nonprofit that has been operating for 66 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.2M |
| Total Expenses | $22.4M |
| Surplus / Deficit | $-132,286 |
| Total Assets | $8.7M |
| Total Liabilities | $3.3M |
| Net Assets | $5.4M |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 37.6% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Buffalo Hearing And Speech Center Inc reported a deficit of $132K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 37.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Buffalo Hearing And Speech Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.9% | +6.1% | -31.3% |
| 2022 | -5.9% | +6.1% | +10.1% |
| 2021 | +12.8% | +11.4% | +77.7% |
| 2020 | -3.8% | -11.5% | +3.5% |
| 2019 | +3.6% | +0.8% | -3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 8000 |
| IRS Ruling Date | 1960 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Buffalo Hearing And Speech Center Inc with a Mission Score of 80 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Buffalo Hearing And Speech Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $132K, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation in its IRS 990 filings, which is unusual for an organization with annual revenues exceeding $20 million. This either indicates that executive compensation is not reported under this specific line item or that the organization operates with an entirely volunteer executive leadership, which would be highly commendable but requires further verification from the full 990 forms.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Buffalo Hearing And Speech Center Inc's IRS 990 filings:
- Unusually low or 0% reported officer compensation for an organization of this size, which may indicate compensation is reported elsewhere or a lack of transparency in this specific line item.
- Significant fluctuation in assets, particularly the decrease from $12.7 million in 2022 to $8.7 million in 2023, without immediate explanation.
Strengths
The following positive indicators were identified for Buffalo Hearing And Speech Center Inc:
- Consistent revenue generation, with latest revenue at $22,230,565 in 2023.
- Stable operational history over more than a decade, demonstrating resilience.
- Significant reduction in liabilities from 2022 to 2023, indicating improved financial position.
- Apparent strong program focus, assuming the estimated spending breakdown is accurate.
Frequently Asked Questions about Buffalo Hearing And Speech Center Inc
Is Buffalo Hearing And Speech Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Buffalo Hearing And Speech Center Inc (EIN: 160776186) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does Buffalo Hearing And Speech Center Inc spend its money?
Buffalo Hearing And Speech Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Buffalo Hearing And Speech Center Inc tax-deductible?
Buffalo Hearing And Speech Center Inc is registered as a tax-exempt nonprofit (EIN: 160776186). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Buffalo Hearing And Speech Center Inc CEO make?
Buffalo Hearing And Speech Center Inc's highest-compensated officer earns $20 annually. The organization reported $24.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Buffalo Hearing And Speech Center Inc's spending goes to programs?
Buffalo Hearing And Speech Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Buffalo Hearing And Speech Center Inc compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Buffalo Hearing And Speech Center Inc is above average for NTEE category E56Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Buffalo Hearing And Speech Center Inc located?
Buffalo Hearing And Speech Center Inc is headquartered in Buffalo, New York and files with the IRS under EIN 160776186. It is classified under NTEE code E56Z.
How many years of IRS 990 filings does Buffalo Hearing And Speech Center Inc have?
Buffalo Hearing And Speech Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $24.3M in total revenue.
Is Buffalo Hearing And Speech Center Inc a good charity?
Based on the available data, the organization appears to be a good charity, demonstrating consistent operations and a commitment to its mission. The consistent reporting of 0% officer compensation is a positive indicator of financial efficiency, though further detail from the full 990s would be beneficial to understand how executive leadership is compensated, if at all.
Why did the organization's assets decrease significantly from 2022 to 2023?
The organization's assets decreased from $12,698,356 in 2022 to $8,721,670 in 2023. This nearly $4 million reduction warrants further investigation into asset utilization, potential investments, or significant capital expenditures/disposals during that period.
How does the organization manage its liabilities?
Liabilities have fluctuated, reaching a high of $7,125,555 in 2022 and decreasing to $3,281,155 in 2023. This significant reduction in liabilities in the latest period is a positive sign, suggesting effective debt management or repayment.
Filing History
IRS 990 filing history for Buffalo Hearing And Speech Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo Hearing And Speech Center Inc's revenue has grown by 72.6%, moving from $12.9M to $22.2M. Total assets increased by 2.6% over the same period, from $8.5M to $8.7M. Total functional expenses rose by 80.7%, from $12.4M to $22.4M. In its most recent filing year (2023), Buffalo Hearing And Speech Center Inc reported a deficit of $132K, with expenses exceeding revenue. The organization holds $3.3M in liabilities against $8.7M in assets (debt-to-asset ratio: 37.6%), resulting in net assets of $5.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $22.2M | $22.4M | $8.7M | $3.3M | — | — |
| 2022 | $20.8M | $21.1M | $12.7M | $7.1M | — | — |
| 2021 | $22.1M | $19.9M | $11.5M | $5.7M | — | View 990 |
| 2020 | $19.6M | $17.8M | $6.5M | $2.7M | — | View 990 |
| 2019 | $20.4M | $20.2M | $6.3M | $4.2M | — | View 990 |
| 2018 | $19.7M | $20.0M | $6.5M | $4.7M | — | View 990 |
| 2017 | $18.1M | $18.6M | $6.6M | $4.5M | — | — |
| 2016 | $16.6M | $17.2M | $7.1M | $4.5M | — | View 990 |
| 2015 | $17.1M | $17.0M | $8.2M | $5.0M | — | View 990 |
| 2014 | $15.5M | $15.7M | $7.7M | $4.8M | — | View 990 |
| 2013 | $14.9M | $14.9M | $6.9M | $3.9M | — | View 990 |
| 2012 | $13.2M | $12.7M | $6.8M | $3.8M | — | View 990 |
| 2011 | $12.9M | $12.4M | $8.5M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $22.2M, expenses of $22.4M, and assets of $8.7M (revenue +6.9% year-over-year).
- 2022: Revenue of $20.8M, expenses of $21.1M, and assets of $12.7M (revenue -5.9% year-over-year).
- 2021: Revenue of $22.1M, expenses of $19.9M, and assets of $11.5M (revenue +12.8% year-over-year).
- 2020: Revenue of $19.6M, expenses of $17.8M, and assets of $6.5M (revenue -3.8% year-over-year).
- 2019: Revenue of $20.4M, expenses of $20.2M, and assets of $6.3M (revenue +3.6% year-over-year).
- 2018: Revenue of $19.7M, expenses of $20.0M, and assets of $6.5M (revenue +8.5% year-over-year).
- 2017: Revenue of $18.1M, expenses of $18.6M, and assets of $6.6M (revenue +9.3% year-over-year).
- 2016: Revenue of $16.6M, expenses of $17.2M, and assets of $7.1M (revenue -2.9% year-over-year).
- 2015: Revenue of $17.1M, expenses of $17.0M, and assets of $8.2M (revenue +10.1% year-over-year).
- 2014: Revenue of $15.5M, expenses of $15.7M, and assets of $7.7M (revenue +4.3% year-over-year).
- 2013: Revenue of $14.9M, expenses of $14.9M, and assets of $6.9M (revenue +13.0% year-over-year).
- 2012: Revenue of $13.2M, expenses of $12.7M, and assets of $6.8M (revenue +2.2% year-over-year).
- 2011: Revenue of $12.9M, expenses of $12.4M, and assets of $8.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo Hearing And Speech Center Inc:
Data Sources and Methodology
This transparency report for Buffalo Hearing And Speech Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.