Buffalo Scholarships Foundation Inc
Buffalo Scholarships Foundation Inc maintains strong financial health with zero executive compensation and consistent asset growth.
EIN: 204450548 · Middleton, FL · NTEE: B82 · Updated: 2026-03-28
Is Buffalo Scholarships Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Buffalo Scholarships Foundation Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo Scholarships Foundation Inc
Buffalo Scholarships Foundation Inc (EIN: 204450548) is a nonprofit organization based in Middleton, FL, classified under NTEE code B82. The organization reported total revenue of $2.0M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo Scholarships Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo Scholarships Foundation Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 23.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $861K |
| Total Expenses | $597K |
| Surplus / Deficit | +$265K |
| Total Assets | $5.6M |
| Net Assets | $5.6M |
| Operating Margin | 30.7% |
| Months of Reserves | 112.9 months |
Financial Health Grade: A
In 2023, Buffalo Scholarships Foundation Inc reported a surplus of $265K with revenue exceeding expenses, holds 112.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Buffalo Scholarships Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -43.9% | +128.2% | +13.8% |
| 2022 | +65.7% | +35.0% | +21.8% |
| 2021 | +157.3% | -1.4% | +18.6% |
| 2020 | -27.4% | +23.3% | +5.1% |
| 2019 | +6.9% | +5.8% | +24.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Scholarships Foundation Inc with a Mission Score of 92 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: 5%
- programs: 95%
- fundraising: 0%
According to IRS 990 filings, Buffalo Scholarships Foundation Inc allocates its expenses as follows: admin: 5%, programs: 95%, fundraising: 0%. With 95% 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 surplus of $265K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has been reported as 0% across all available filings, indicating that the organization's leadership is either entirely volunteer-based or compensated through other means not reported as officer compensation, which is highly favorable for a foundation of its size with assets exceeding $5 million.
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.
Strengths
The following positive indicators were identified for Buffalo Scholarships Foundation Inc:
- Consistent asset growth, reaching $5,612,836 in 2023.
- Zero reported liabilities across all available filings.
- 0% reported officer compensation, indicating efficient use of funds.
- Strong program focus, with expenses consistently well below revenue, suggesting high program spending efficiency.
- Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent reporting.
Frequently Asked Questions about Buffalo Scholarships Foundation Inc
Is Buffalo Scholarships Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Buffalo Scholarships Foundation Inc (EIN: 204450548) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Buffalo Scholarships Foundation Inc spend its money?
Buffalo Scholarships Foundation Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Buffalo Scholarships Foundation Inc tax-deductible?
Buffalo Scholarships Foundation Inc is registered as a tax-exempt nonprofit (EIN: 204450548). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Buffalo Scholarships Foundation Inc a good charity?
Based on its financial data, Buffalo Scholarships Foundation Inc appears to be a very good charity. It exhibits strong financial health with growing assets and no liabilities, zero reported executive compensation, and a high proportion of expenses likely dedicated to program services.
How has the organization's financial stability changed over time?
The organization's financial stability has significantly improved, with assets growing from $611,822 in 2014 to $5,612,836 in 2023, and consistently reporting $0 in liabilities, indicating robust financial management.
What is the trend in revenue and expenses?
Revenue has shown significant fluctuations but a general upward trend, from $365,511 in 2014 to $861,370 in 2023, with a peak of $1,534,440 in 2022. Expenses have also increased but at a slower rate, from $93,360 in 2014 to $596,508 in 2023, suggesting efficient operations relative to revenue growth.
Filing History
IRS 990 filing history for Buffalo Scholarships Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo Scholarships Foundation Inc's revenue has grown by 1155.9%, moving from $69K to $861K. Total assets increased by 1998.7% over the same period, from $267K to $5.6M. Total functional expenses rose by 945.8%, from $57K to $597K. In its most recent filing year (2023), Buffalo Scholarships Foundation Inc reported a surplus of $265K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $861K | $597K | $5.6M | $0 | — | — |
| 2022 | $1.5M | $261K | $4.9M | $0 | — | View 990 |
| 2021 | $926K | $194K | $4.0M | $0 | — | View 990 |
| 2020 | $360K | $196K | $3.4M | $0 | — | View 990 |
| 2019 | $496K | $159K | $3.2M | $0 | — | View 990 |
| 2018 | $464K | $150K | $2.6M | $4K | — | View 990 |
| 2017 | $1.0M | $132K | $2.4M | $0 | — | View 990 |
| 2016 | $420K | $143K | $1.4M | $0 | — | View 990 |
| 2015 | $597K | $104K | $1.1M | $0 | — | View 990 |
| 2014 | $366K | $93K | $612K | $0 | — | View 990 |
| 2013 | $131K | $90K | $322K | $0 | — | View 990 |
| 2012 | $71K | $66K | $280K | $0 | — | View 990 |
| 2011 | $69K | $57K | $267K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $861K, expenses of $597K, and assets of $5.6M (revenue -43.9% year-over-year).
- 2022: Revenue of $1.5M, expenses of $261K, and assets of $4.9M (revenue +65.7% year-over-year).
- 2021: Revenue of $926K, expenses of $194K, and assets of $4.0M (revenue +157.3% year-over-year).
- 2020: Revenue of $360K, expenses of $196K, and assets of $3.4M (revenue -27.4% year-over-year).
- 2019: Revenue of $496K, expenses of $159K, and assets of $3.2M (revenue +6.9% year-over-year).
- 2018: Revenue of $464K, expenses of $150K, and assets of $2.6M (revenue -55.8% year-over-year).
- 2017: Revenue of $1.0M, expenses of $132K, and assets of $2.4M (revenue +149.7% year-over-year).
- 2016: Revenue of $420K, expenses of $143K, and assets of $1.4M (revenue -29.6% year-over-year).
- 2015: Revenue of $597K, expenses of $104K, and assets of $1.1M (revenue +63.2% year-over-year).
- 2014: Revenue of $366K, expenses of $93K, and assets of $612K (revenue +179.3% year-over-year).
- 2013: Revenue of $131K, expenses of $90K, and assets of $322K (revenue +85.3% year-over-year).
- 2012: Revenue of $71K, expenses of $66K, and assets of $280K (revenue +3.0% year-over-year).
- 2011: Revenue of $69K, expenses of $57K, and assets of $267K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo Scholarships Foundation Inc:
Data Sources and Methodology
This transparency report for Buffalo Scholarships Foundation 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.