Buffalo Philharmonic Orchestra Society Inc
Buffalo Philharmonic Orchestra maintains stable operations with recent minor deficits, growing assets over the long term.
EIN: 160755739 · Buffalo, NY · NTEE: A690 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $13.8M |
| Total Expenses | $14.5M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $12 |
| Net Assets | $10.2M |
| Transparency Score | 78/100 |
Is Buffalo Philharmonic Orchestra Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo Philharmonic Orchestra Society Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo Philharmonic Orchestra Society Inc
Buffalo Philharmonic Orchestra Society Inc (EIN: 160755739) is a nonprofit organization based in Buffalo, NY, classified under NTEE code A690. The organization reported total revenue of $13.8M and total assets of $12.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo Philharmonic Orchestra Society Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo Philharmonic Orchestra Society Inc is a large nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.0M |
| Total Expenses | $14.5M |
| Surplus / Deficit | $-585,747 |
| Total Assets | $12.8M |
| Total Liabilities | $2.6M |
| Net Assets | $10.2M |
| Operating Margin | -4.2% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 10.5 months |
Financial Health Grade: B
In 2023, Buffalo Philharmonic Orchestra Society Inc reported a deficit of $586K with expenses exceeding revenue, holds 10.5 months of operating reserves (strong position), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Buffalo Philharmonic Orchestra Society Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.1% | +11.0% | -8.0% |
| 2022 | -4.5% | +26.6% | -8.6% |
| 2021 | -0.3% | -10.0% | +46.9% |
| 2020 | -7.5% | -8.1% | +6.7% |
| 2019 | +17.6% | +0.1% | +27.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Philharmonic Orchestra Society Inc with a Mission Score of 78 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 Philharmonic Orchestra Society 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 $586K, with expenses exceeding revenue.
- Debt-to-asset ratio: 20.3%.
Executive Compensation Analysis
The provided data indicates 0% officer compensation across all listed filing periods, which is unusual for an organization of this size with annual revenues exceeding $12 million. This suggests that executive compensation may be reported under different categories or is not directly tied to the 'Officer Comp' line item in the summarized data, requiring a deeper dive into the full 990 forms for clarity.
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 Philharmonic Orchestra Society Inc's IRS 990 filings:
- Consistent operational deficits in recent years (202208 and 202308), where expenses exceeded revenue by $312,434 and $585,747 respectively.
- 0% reported officer compensation across all filings, which is unusual for an organization of this size and requires further investigation for transparency.
Strengths
The following positive indicators were identified for Buffalo Philharmonic Orchestra Society Inc:
- Long-term asset growth, increasing from $6.7M in 2014 to $12.7M in 2023, indicating financial resilience.
- Consistent revenue generation, generally staying within the $11M-$14M range over the past decade.
- Established operational history with 13 filings, suggesting a mature and stable organization.
Frequently Asked Questions about Buffalo Philharmonic Orchestra Society Inc
Is Buffalo Philharmonic Orchestra Society Inc a legitimate charity?
Buffalo Philharmonic Orchestra Society Inc (EIN: 160755739) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 78/100. It has 13 years of IRS 990 filings on record. Total revenue: $13.8M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Buffalo Philharmonic Orchestra Society Inc spend its money?
Buffalo Philharmonic Orchestra Society Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Buffalo Philharmonic Orchestra Society Inc tax-deductible?
Buffalo Philharmonic Orchestra Society Inc is registered as a tax-exempt nonprofit (EIN: 160755739). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Buffalo Philharmonic Orchestra Society Inc CEO make?
Buffalo Philharmonic Orchestra Society Inc's highest-compensated officer earns $12 annually. The organization reported $13.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Buffalo Philharmonic Orchestra Society Inc's spending goes to programs?
Buffalo Philharmonic Orchestra Society Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Buffalo Philharmonic Orchestra Society Inc compare to similar nonprofits?
With a transparency score of 78/100 (Good), Buffalo Philharmonic Orchestra Society Inc is above average for NTEE category A690 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Buffalo Philharmonic Orchestra Society Inc located?
Buffalo Philharmonic Orchestra Society Inc is headquartered in Buffalo, New York and files with the IRS under EIN 160755739. It is classified under NTEE code A690.
How many years of IRS 990 filings does Buffalo Philharmonic Orchestra Society Inc have?
Buffalo Philharmonic Orchestra Society 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 $13.8M in total revenue.
Is Buffalo Philharmonic Orchestra Society Inc. financially stable?
Yes, despite recent minor operational deficits in 2022 and 2023, the organization has demonstrated long-term financial stability with assets growing from $6.7M in 2014 to $12.7M in 2023, and consistent revenue streams.
Why is officer compensation reported as 0%?
The provided summary data consistently shows 0% for officer compensation. This is atypical for an organization of this scale and suggests that executive compensation might be reported under other expense categories or is not captured in this specific data point, warranting a review of the full IRS 990 forms for detailed compensation figures.
Has the organization's revenue been consistent?
Yes, the organization's revenue has been remarkably consistent, generally fluctuating between $11.8M and $14.5M over the past decade, indicating a stable funding base.
What is the trend in the organization's assets?
The organization's assets have shown a positive long-term trend, increasing from $6,763,963 in 2014 to $12,777,211 in 2023, indicating growth in its financial reserves and capacity.
Filing History
IRS 990 filing history for Buffalo Philharmonic Orchestra Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo Philharmonic Orchestra Society Inc's revenue has grown by 39.8%, moving from $10.0M to $14.0M. Total assets increased by 147.9% over the same period, from $5.2M to $12.8M. Total functional expenses rose by 46.2%, from $9.9M to $14.5M. In its most recent filing year (2023), Buffalo Philharmonic Orchestra Society Inc reported a deficit of $586K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $12.8M in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $10.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.0M | $14.5M | $12.8M | $2.6M | — | View 990 |
| 2022 | $12.8M | $13.1M | $13.9M | $3.2M | — | View 990 |
| 2021 | $13.4M | $10.3M | $15.2M | $4.1M | — | View 990 |
| 2020 | $13.4M | $11.5M | $10.3M | $2.4M | — | — |
| 2019 | $14.5M | $12.5M | $9.7M | $3.7M | — | View 990 |
| 2018 | $12.3M | $12.5M | $7.6M | $3.7M | — | View 990 |
| 2017 | $11.9M | $11.9M | $7.9M | $3.9M | — | View 990 |
| 2016 | $12.0M | $11.6M | $8.0M | $4.0M | — | View 990 |
| 2015 | $12.6M | $11.5M | $7.4M | $3.8M | — | View 990 |
| 2014 | $12.0M | $11.7M | $6.8M | $4.0M | — | View 990 |
| 2013 | $11.5M | $11.0M | $5.8M | $3.9M | — | View 990 |
| 2012 | $10.2M | $10.3M | $5.1M | $3.8M | — | View 990 |
| 2011 | $10.0M | $9.9M | $5.2M | $4.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.0M, expenses of $14.5M, and assets of $12.8M (revenue +9.1% year-over-year).
- 2022: Revenue of $12.8M, expenses of $13.1M, and assets of $13.9M (revenue -4.5% year-over-year).
- 2021: Revenue of $13.4M, expenses of $10.3M, and assets of $15.2M (revenue -0.3% year-over-year).
- 2020: Revenue of $13.4M, expenses of $11.5M, and assets of $10.3M (revenue -7.5% year-over-year).
- 2019: Revenue of $14.5M, expenses of $12.5M, and assets of $9.7M (revenue +17.6% year-over-year).
- 2018: Revenue of $12.3M, expenses of $12.5M, and assets of $7.6M (revenue +4.1% year-over-year).
- 2017: Revenue of $11.9M, expenses of $11.9M, and assets of $7.9M (revenue -1.5% year-over-year).
- 2016: Revenue of $12.0M, expenses of $11.6M, and assets of $8.0M (revenue -4.2% year-over-year).
- 2015: Revenue of $12.6M, expenses of $11.5M, and assets of $7.4M (revenue +4.6% year-over-year).
- 2014: Revenue of $12.0M, expenses of $11.7M, and assets of $6.8M (revenue +4.8% year-over-year).
- 2013: Revenue of $11.5M, expenses of $11.0M, and assets of $5.8M (revenue +11.8% year-over-year).
- 2012: Revenue of $10.2M, expenses of $10.3M, and assets of $5.1M (revenue +2.6% year-over-year).
- 2011: Revenue of $10.0M, expenses of $9.9M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo Philharmonic Orchestra Society Inc:
Data Sources and Methodology
This transparency report for Buffalo Philharmonic Orchestra Society 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.