Buffalo Prep Inc
Buffalo Prep Inc. shows consistent asset growth and no reported officer compensation, despite a slight operational deficit in the latest fiscal year.
EIN: 161359846 · Buffalo, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $5.6M |
| Transparency Score | 85/100 |
Is Buffalo Prep Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo Prep Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo Prep Inc
Buffalo Prep Inc (EIN: 161359846) is a nonprofit organization based in Buffalo, NY. The organization reported total revenue of $3.0M and total assets of $6.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo Prep Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo Prep Inc is a mid-size nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-49,486 |
| Total Assets | $5.7M |
| Total Liabilities | $84K |
| Net Assets | $5.6M |
| Operating Margin | -2.1% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 28.3 months |
Financial Health Grade: B
In 2023, Buffalo Prep Inc reported a deficit of $49K with expenses exceeding revenue, holds 28.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Buffalo Prep Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.5% | +17.1% | +3.3% |
| 2022 | +19.9% | +29.4% | -7.3% |
| 2021 | -22.8% | +8.8% | +19.0% |
| 2020 | +8.1% | -4.5% | +29.0% |
| 2019 | -5.8% | +13.3% | +11.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Prep Inc 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Buffalo Prep Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $49K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $2 million in annual expenses. This suggests either a fully volunteer executive leadership or that compensation is reported under different categories, warranting further investigation for complete transparency.
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 Prep Inc's IRS 990 filings:
- 0% Officer Compensation reported across all filings, which is unusual for an organization of this size and may obscure actual executive remuneration.
- NTEE Code is unknown, which limits understanding of the organization's specific programmatic focus and comparability with peers.
Strengths
The following positive indicators were identified for Buffalo Prep Inc:
- Consistent and significant asset growth, from $1,326,100 in 201406 to $5,711,993 in 202306, indicating strong financial stewardship.
- Low liabilities relative to assets ($83,526 in 202306 vs. $5,711,993 in assets), suggesting financial stability and limited debt reliance.
- Sustained revenue growth over the past decade, from $1,271,876 in 201406 to over $2.3 million in 202306, demonstrating effective fundraising and donor support.
Frequently Asked Questions about Buffalo Prep Inc
Is Buffalo Prep Inc a legitimate charity?
Buffalo Prep Inc (EIN: 161359846) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Buffalo Prep Inc spend its money?
Buffalo Prep Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Buffalo Prep Inc tax-deductible?
Buffalo Prep Inc is registered as a tax-exempt nonprofit (EIN: 161359846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Buffalo Prep Inc CEO make?
Buffalo Prep Inc's highest-compensated officer earns $2 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Buffalo Prep Inc's spending goes to programs?
Buffalo Prep Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Buffalo Prep Inc located?
Buffalo Prep Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161359846.
How many years of IRS 990 filings does Buffalo Prep Inc have?
Buffalo Prep 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 $3.0M in total revenue.
How does Buffalo Prep Inc. manage to report 0% officer compensation given its operational scale?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with annual expenses exceeding $2 million. This could indicate that executive leadership is entirely volunteer-based, compensated through a related entity, or that compensation is categorized differently within the IRS 990, such as under 'other salaries and wages' rather than 'officer compensation'.
What is the detailed breakdown of program, administrative, and fundraising expenses?
While the provided data indicates total expenses, a detailed breakdown of program, administrative, and fundraising costs is not available in the summary. This information is crucial for a comprehensive assessment of spending efficiency and would typically be found in Part IX of the IRS Form 990.
What caused the slight operational deficit in the 202306 fiscal period?
In the 202306 period, expenses ($2,423,569) slightly exceeded revenue ($2,374,083), resulting in a minor operational deficit. The specific reasons for this deficit would require a deeper dive into the organization's detailed financial statements, potentially related to increased program costs, one-time expenditures, or a temporary dip in fundraising.
Filing History
IRS 990 filing history for Buffalo Prep Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo Prep Inc's revenue has grown by 177.2%, moving from $856K to $2.4M. Total assets increased by 539% over the same period, from $894K to $5.7M. Total functional expenses rose by 227.4%, from $740K to $2.4M. In its most recent filing year (2023), Buffalo Prep Inc reported a deficit of $49K, with expenses exceeding revenue. The organization holds $84K in liabilities against $5.7M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $5.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.4M | $2.4M | $5.7M | $84K | — | — |
| 2022 | $2.2M | $2.1M | $5.5M | $85K | — | View 990 |
| 2021 | $1.9M | $1.6M | $6.0M | $407K | — | — |
| 2020 | $2.4M | $1.5M | $5.0M | $319K | — | View 990 |
| 2019 | $2.2M | $1.5M | $3.9M | $136K | — | View 990 |
| 2018 | $2.4M | $1.4M | $3.5M | $424K | — | View 990 |
| 2017 | $1.9M | $1.2M | $2.1M | $71K | — | View 990 |
| 2016 | $1.2M | $1.2M | $1.5M | $125K | — | View 990 |
| 2015 | $1.2M | $1.1M | $1.5M | $139K | — | View 990 |
| 2014 | $1.3M | $877K | $1.3M | $91K | — | View 990 |
| 2013 | $818K | $846K | $946K | $106K | — | View 990 |
| 2012 | $860K | $793K | $996K | $128K | — | View 990 |
| 2011 | $856K | $740K | $894K | $92K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.4M, expenses of $2.4M, and assets of $5.7M (revenue +6.5% year-over-year).
- 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $5.5M (revenue +19.9% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.6M, and assets of $6.0M (revenue -22.8% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.5M, and assets of $5.0M (revenue +8.1% year-over-year).
- 2019: Revenue of $2.2M, expenses of $1.5M, and assets of $3.9M (revenue -5.8% year-over-year).
- 2018: Revenue of $2.4M, expenses of $1.4M, and assets of $3.5M (revenue +27.1% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.2M, and assets of $2.1M (revenue +57.3% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.2M, and assets of $1.5M (revenue +0.2% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $1.5M (revenue -7.1% year-over-year).
- 2014: Revenue of $1.3M, expenses of $877K, and assets of $1.3M (revenue +55.5% year-over-year).
- 2013: Revenue of $818K, expenses of $846K, and assets of $946K (revenue -4.9% year-over-year).
- 2012: Revenue of $860K, expenses of $793K, and assets of $996K (revenue +0.4% year-over-year).
- 2011: Revenue of $856K, expenses of $740K, and assets of $894K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo Prep Inc:
Data Sources and Methodology
This transparency report for Buffalo Prep 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.