Buffalo Place Foundation
Buffalo Place Foundation experiences a significant asset reduction and deficit in its latest fiscal period.
EIN: 161393524 · Buffalo, NY · NTEE: R99Z · Updated: 2026-03-28
Is Buffalo Place Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo Place Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo Place Foundation
Buffalo Place Foundation (EIN: 161393524) is a nonprofit organization based in Buffalo, NY, classified under NTEE code R99Z. The organization reported total revenue of $1.9M and total assets of $202K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo Place Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Buffalo Place Foundation with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Buffalo Place Foundation allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officer salaries were paid, which is highly unusual for an organization with annual revenues consistently over $1 million. This suggests either a volunteer leadership structure or that compensation is reported under other expense categories, which would require further clarification.
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 Place Foundation's IRS 990 filings:
- Significant year-over-year asset decline (from $2.1M to $0.4M in 202312)
- Expenses exceeded revenue in the latest fiscal period (202312)
- Increase in liabilities in the latest fiscal period (202312)
Strengths
The following positive indicators were identified for Buffalo Place Foundation:
- Consistent revenue generation over a decade (typically $1.2M - $2.1M)
- Reported 0% officer compensation across all filings, indicating high efficiency in this area
- Generally strong program spending focus (estimated 90%)
Frequently Asked Questions about Buffalo Place Foundation
Is Buffalo Place Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Buffalo Place Foundation (EIN: 161393524) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Buffalo Place Foundation spend its money?
Buffalo Place Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Buffalo Place Foundation tax-deductible?
Buffalo Place Foundation is registered as a tax-exempt nonprofit (EIN: 161393524). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the substantial decrease in assets from $2,117,377 in 202212 to $444,237 in 202312?
The filings do not provide a detailed explanation for this significant asset reduction. Further investigation into the organization's financial statements would be necessary to understand the nature of these changes, such as large capital expenditures, investment losses, or debt repayment.
Why did expenses ($1,876,388) exceed revenue ($1,758,834) in the 202312 period, leading to a deficit?
The 202312 filing shows a net operating loss. While not explicitly stated, this could be due to increased program costs, one-time expenses, or a temporary dip in fundraising, which would need to be monitored in future filings.
How does Buffalo Place Foundation manage to operate with 0% reported officer compensation given its revenue levels?
The consistent reporting of 0% officer compensation suggests that leadership may be entirely volunteer-based, or that compensation for key personnel is categorized differently within the expense structure, such as under program or administrative salaries, rather than directly as officer compensation.
Filing History
IRS 990 filing history for Buffalo Place Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo Place Foundation's revenue has grown by 29.7%, moving from $1.4M to $1.8M. Total assets decreased by 87.8% over the same period, from $3.6M to $444K. Total functional expenses rose by 45.2%, from $1.3M to $1.9M. In its most recent filing year (2023), Buffalo Place Foundation reported a deficit of $118K, with expenses exceeding revenue. The organization holds $203K in liabilities against $444K in assets (debt-to-asset ratio: 45.6%), resulting in net assets of $242K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.9M | $444K | $203K | — | View 990 |
| 2022 | $2.1M | $1.8M | $2.1M | $140K | — | View 990 |
| 2021 | $1.9M | $1.5M | $2.3M | $150K | — | View 990 |
| 2020 | $2.1M | $1.4M | $1.9M | $78K | — | — |
| 2019 | $1.8M | $1.5M | $1.2M | $168K | — | View 990 |
| 2018 | $2.0M | $1.6M | $1.2M | $190K | — | View 990 |
| 2017 | $1.9M | $1.5M | $1.1M | $225K | — | View 990 |
| 2016 | $1.6M | $1.4M | $735K | $60K | — | View 990 |
| 2015 | $1.3M | $1.0M | $612K | $79K | — | View 990 |
| 2014 | $1.7M | $1.6M | $524K | $469K | — | View 990 |
| 2013 | $1.4M | $1.4M | $120K | $96K | — | View 990 |
| 2012 | $1.4M | $1.3M | $103K | $54K | — | View 990 |
| 2011 | $1.4M | $1.3M | $3.6M | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.9M, and assets of $444K (revenue -16.5% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.8M, and assets of $2.1M (revenue +12.7% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.5M, and assets of $2.3M (revenue -10.3% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.4M, and assets of $1.9M (revenue +14.7% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.5M, and assets of $1.2M (revenue -9.0% year-over-year).
- 2018: Revenue of $2.0M, expenses of $1.6M, and assets of $1.2M (revenue +3.4% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.5M, and assets of $1.1M (revenue +18.3% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.4M, and assets of $735K (revenue +27.5% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.0M, and assets of $612K (revenue -26.9% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $524K (revenue +28.0% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.4M, and assets of $120K (revenue +1.1% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.3M, and assets of $103K (revenue -0.3% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $3.6M.
Data Sources and Methodology
This transparency report for Buffalo Place Foundation 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.