Buffalo Niagara Convention & Vistors Bureau Inc
Buffalo Niagara Convention & Visitors Bureau Inc. reports no officer compensation amidst recent operating deficits.
EIN: 161298671 · Buffalo, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $5.2M |
| Program Spending | 75% |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Buffalo Niagara Convention & Vistors Bureau Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo Niagara Convention & Vistors Bureau Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo Niagara Convention & Vistors Bureau Inc
Buffalo Niagara Convention & Vistors Bureau Inc (EIN: 161298671) is a nonprofit organization based in Buffalo, NY. The organization reported total revenue of $5.3M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo Niagara Convention & Vistors Bureau Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo Niagara Convention & Vistors Bureau Inc is a mid-size nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.7M |
| Total Expenses | $5.2M |
| Surplus / Deficit | $-564,627 |
| Total Assets | $2.0M |
| Total Liabilities | $664K |
| Net Assets | $1.3M |
| Operating Margin | -12.1% |
| Debt-to-Asset Ratio | 33.6% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, Buffalo Niagara Convention & Vistors Bureau Inc reported a deficit of $565K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 33.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Buffalo Niagara Convention & Vistors Bureau Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.8% | +14.0% | -26.5% |
| 2022 | -33.0% | -23.7% | -20.8% |
| 2021 | -10.6% | +11.4% | +7.7% |
| 2020 | +62.7% | +27.3% | +190.5% |
| 2019 | +0.1% | +0.3% | -1.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Niagara Convention & Vistors Bureau Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Buffalo Niagara Convention & Vistors Bureau Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $565K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers or that it is reported under other expense categories, which is a strong positive for transparency regarding executive pay.
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 Niagara Convention & Vistors Bureau Inc's IRS 990 filings:
- Operating deficits in the last two reported periods (2022 and 2023)
- Declining asset base since 2021
Strengths
The following positive indicators were identified for Buffalo Niagara Convention & Vistors Bureau Inc:
- No reported officer compensation, indicating high transparency in this area
- Consistent operational history over more than a decade
- Substantial asset base relative to liabilities, indicating financial stability
Frequently Asked Questions about Buffalo Niagara Convention & Vistors Bureau Inc
Is Buffalo Niagara Convention & Vistors Bureau Inc a legitimate charity?
Buffalo Niagara Convention & Vistors Bureau Inc (EIN: 161298671) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $5.3M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Buffalo Niagara Convention & Vistors Bureau Inc spend its money?
Buffalo Niagara Convention & Vistors Bureau Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Buffalo Niagara Convention & Vistors Bureau Inc tax-deductible?
Buffalo Niagara Convention & Vistors Bureau Inc is registered as a tax-exempt nonprofit (EIN: 161298671). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Buffalo Niagara Convention & Vistors Bureau Inc's spending goes to programs?
Buffalo Niagara Convention & Vistors Bureau Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Buffalo Niagara Convention & Vistors Bureau Inc located?
Buffalo Niagara Convention & Vistors Bureau Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161298671.
How many years of IRS 990 filings does Buffalo Niagara Convention & Vistors Bureau Inc have?
Buffalo Niagara Convention & Vistors Bureau 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 $5.3M in total revenue.
Why has the organization experienced operating deficits in 2022 and 2023?
In 2022, expenses of $4,581,646 exceeded revenue of $4,130,640, resulting in a deficit of $451,006. In 2023, expenses of $5,224,015 exceeded revenue of $4,659,388, leading to a deficit of $564,627. The specific reasons for these deficits are not detailed in the provided summary data.
How does the organization manage without reported officer compensation?
The consistent reporting of 0% officer compensation suggests either a volunteer-led executive team, or that executive compensation is categorized differently within the expense structure, such as under general salaries and wages, rather than specifically as officer compensation.
What is the trend in the organization's asset base?
The organization's assets have fluctuated, peaking at $3,394,435 in 2021 and declining to $1,975,467 in 2023. This recent decline warrants attention, though the current asset level remains substantial.
Filing History
IRS 990 filing history for Buffalo Niagara Convention & Vistors Bureau Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo Niagara Convention & Vistors Bureau Inc's revenue has grown by 20.9%, moving from $3.9M to $4.7M. Total assets increased by 146% over the same period, from $803K to $2.0M. Total functional expenses rose by 36%, from $3.8M to $5.2M. In its most recent filing year (2023), Buffalo Niagara Convention & Vistors Bureau Inc reported a deficit of $565K, with expenses exceeding revenue. The organization holds $664K in liabilities against $2.0M in assets (debt-to-asset ratio: 33.6%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.7M | $5.2M | $2.0M | $664K | — | View 990 |
| 2022 | $4.1M | $4.6M | $2.7M | $813K | — | View 990 |
| 2021 | $6.2M | $6.0M | $3.4M | $1.1M | — | View 990 |
| 2020 | $6.9M | $5.4M | $3.2M | $983K | — | — |
| 2019 | $4.2M | $4.2M | $1.1M | $420K | — | — |
| 2018 | $4.2M | $4.2M | $1.1M | $436K | — | View 990 |
| 2017 | $4.2M | $4.2M | $1.2M | $555K | — | View 990 |
| 2016 | $4.3M | $4.2M | $1.1M | $510K | — | View 990 |
| 2015 | $4.2M | $4.2M | $972K | $394K | — | View 990 |
| 2014 | $4.4M | $4.7M | $898K | $371K | — | View 990 |
| 2013 | $4.3M | $3.9M | $1.2M | $361K | — | View 990 |
| 2012 | $4.2M | $4.1M | $710K | $251K | — | View 990 |
| 2011 | $3.9M | $3.8M | $803K | $378K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.7M, expenses of $5.2M, and assets of $2.0M (revenue +12.8% year-over-year).
- 2022: Revenue of $4.1M, expenses of $4.6M, and assets of $2.7M (revenue -33.0% year-over-year).
- 2021: Revenue of $6.2M, expenses of $6.0M, and assets of $3.4M (revenue -10.6% year-over-year).
- 2020: Revenue of $6.9M, expenses of $5.4M, and assets of $3.2M (revenue +62.7% year-over-year).
- 2019: Revenue of $4.2M, expenses of $4.2M, and assets of $1.1M (revenue +0.1% year-over-year).
- 2018: Revenue of $4.2M, expenses of $4.2M, and assets of $1.1M (revenue +0.1% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.2M, and assets of $1.2M (revenue -0.6% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.2M, and assets of $1.1M (revenue +0.9% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.2M, and assets of $972K (revenue -4.6% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.7M, and assets of $898K (revenue +3.4% year-over-year).
- 2013: Revenue of $4.3M, expenses of $3.9M, and assets of $1.2M (revenue +2.6% year-over-year).
- 2012: Revenue of $4.2M, expenses of $4.1M, and assets of $710K (revenue +8.1% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.8M, and assets of $803K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo Niagara Convention & Vistors Bureau Inc:
Data Sources and Methodology
This transparency report for Buffalo Niagara Convention & Vistors Bureau 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.