Buffalo State College Foundation Inc
Buffalo State College Foundation maintains strong asset growth with no reported officer compensation.
EIN: 166037117 · Buffalo, NY · NTEE: B110 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $25.6M |
| Total Expenses | $5.8M |
| Program Spending | 90% |
| Net Assets | $98.8M |
| Transparency Score | 92/100 |
Is Buffalo State College 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 State College Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Buffalo State College Foundation Inc
Buffalo State College Foundation Inc (EIN: 166037117) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B110. The organization reported total revenue of $25.6M and total assets of $115.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buffalo State College Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Buffalo State College Foundation Inc is a large nonprofit that has been operating for 60 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.2M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$1.4M |
| Total Assets | $101.7M |
| Total Liabilities | $2.9M |
| Net Assets | $98.8M |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 211.8 months |
Financial Health Grade: A
In 2023, Buffalo State College Foundation Inc reported a surplus of $1.4M with revenue exceeding expenses, holds 211.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Buffalo State College Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.4% | +18.8% | +2.3% |
| 2022 | -14.2% | +26.5% | +2.6% |
| 2021 | +105.4% | +1.2% | +38.1% |
| 2020 | +67.3% | -9.9% | +2.5% |
| 2019 | -36.3% | +8.7% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1966 |
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 State College 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Buffalo State College Foundation Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through a different entity, which is a positive sign for donor confidence regarding direct mission support.
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 State College Foundation Inc:
- Consistent asset growth, from $50M in 2014 to over $100M in 2023.
- Expenses consistently lower than revenue, indicating sound financial management.
- 0% reported officer compensation across all filings, suggesting high efficiency in leadership compensation.
- Strong program focus implied by efficient spending and mission to support Buffalo State College.
- Low liabilities relative to assets, indicating financial stability.
Frequently Asked Questions about Buffalo State College Foundation Inc
Is Buffalo State College Foundation Inc a legitimate charity?
Buffalo State College Foundation Inc (EIN: 166037117) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $25.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Buffalo State College Foundation Inc spend its money?
Buffalo State College Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Buffalo State College Foundation Inc tax-deductible?
Buffalo State College Foundation Inc is registered as a tax-exempt nonprofit (EIN: 166037117). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Buffalo State College Foundation Inc's spending goes to programs?
Buffalo State College Foundation Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Buffalo State College Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Buffalo State College Foundation Inc is above average for NTEE category B110 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Buffalo State College Foundation Inc located?
Buffalo State College Foundation Inc is headquartered in Buffalo, New York and files with the IRS under EIN 166037117. It is classified under NTEE code B110.
How many years of IRS 990 filings does Buffalo State College Foundation Inc have?
Buffalo State College Foundation 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 $25.6M in total revenue.
Is Buffalo State College Foundation Inc a good charity?
Based on the provided data, the Buffalo State College Foundation Inc. appears to be a very good charity. It demonstrates strong financial health with growing assets, efficient spending where expenses are consistently less than revenue, and a notable commitment to direct mission support by reporting 0% officer compensation.
How has the organization's financial health changed over time?
The organization's financial health has significantly improved over time, with assets growing from $50,378,499 in 201406 to $101,682,065 in 202306. Revenue has fluctuated but generally remained strong, supporting this asset growth.
What is the trend in revenue and expenses?
Revenue has shown variability, peaking at $15,645,552 in 202106 and most recently at $7,192,795 in 202306. Expenses have generally remained stable and lower than revenue, ranging from $3,787,829 in 202006 to $5,761,289 in 202306, indicating good financial management.
Filing History
IRS 990 filing history for Buffalo State College Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Buffalo State College Foundation Inc's revenue has grown by 23.5%, moving from $5.8M to $7.2M. Total assets increased by 214.7% over the same period, from $32.3M to $101.7M. Total functional expenses rose by 106.4%, from $2.8M to $5.8M. In its most recent filing year (2023), Buffalo State College Foundation Inc reported a surplus of $1.4M, with revenue exceeding expenses. The organization holds $2.9M in liabilities against $101.7M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $98.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.2M | $5.8M | $101.7M | $2.9M | — | — |
| 2022 | $13.4M | $4.8M | $99.4M | $3.1M | — | View 990 |
| 2021 | $15.6M | $3.8M | $97.0M | $2.3M | — | View 990 |
| 2020 | $7.6M | $3.8M | $70.2M | $1.9M | — | View 990 |
| 2019 | $4.6M | $4.2M | $68.5M | $2.3M | — | View 990 |
| 2018 | $7.1M | $3.9M | $65.1M | $2.4M | — | View 990 |
| 2017 | $10.2M | $5.3M | $59.6M | $2.1M | — | View 990 |
| 2016 | $3.5M | $4.1M | $50.2M | $2.1M | — | View 990 |
| 2015 | $4.4M | $4.1M | $51.4M | $1.9M | — | View 990 |
| 2014 | $8.5M | $3.8M | $50.4M | $1.6M | — | View 990 |
| 2013 | $5.2M | $3.8M | $40.7M | $1.7M | — | View 990 |
| 2012 | $7.9M | $2.6M | $36.9M | $1.9M | — | View 990 |
| 2011 | $5.8M | $2.8M | $32.3M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.2M, expenses of $5.8M, and assets of $101.7M (revenue -46.4% year-over-year).
- 2022: Revenue of $13.4M, expenses of $4.8M, and assets of $99.4M (revenue -14.2% year-over-year).
- 2021: Revenue of $15.6M, expenses of $3.8M, and assets of $97.0M (revenue +105.4% year-over-year).
- 2020: Revenue of $7.6M, expenses of $3.8M, and assets of $70.2M (revenue +67.3% year-over-year).
- 2019: Revenue of $4.6M, expenses of $4.2M, and assets of $68.5M (revenue -36.3% year-over-year).
- 2018: Revenue of $7.1M, expenses of $3.9M, and assets of $65.1M (revenue -30.0% year-over-year).
- 2017: Revenue of $10.2M, expenses of $5.3M, and assets of $59.6M (revenue +195.3% year-over-year).
- 2016: Revenue of $3.5M, expenses of $4.1M, and assets of $50.2M (revenue -20.7% year-over-year).
- 2015: Revenue of $4.4M, expenses of $4.1M, and assets of $51.4M (revenue -48.5% year-over-year).
- 2014: Revenue of $8.5M, expenses of $3.8M, and assets of $50.4M (revenue +61.8% year-over-year).
- 2013: Revenue of $5.2M, expenses of $3.8M, and assets of $40.7M (revenue -33.7% year-over-year).
- 2012: Revenue of $7.9M, expenses of $2.6M, and assets of $36.9M (revenue +35.4% year-over-year).
- 2011: Revenue of $5.8M, expenses of $2.8M, and assets of $32.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Buffalo State College Foundation Inc:
Data Sources and Methodology
This transparency report for Buffalo State College 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.