Burchfield Penney Art Center
Burchfield Penney Art Center shows strong asset growth despite recent operating deficit.
EIN: 161596245 · Buffalo, NY · NTEE: A51 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.4M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $19.3M |
| Transparency Score | 85/100 |
Is Burchfield Penney Art Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Burchfield Penney Art Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Burchfield Penney Art Center
Burchfield Penney Art Center (EIN: 161596245) is a nonprofit organization based in Buffalo, NY, classified under NTEE code A51. The organization reported total revenue of $3.1M and total assets of $21.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Burchfield Penney Art Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Burchfield Penney Art Center is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 4.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $3.4M |
| Surplus / Deficit | $-497,591 |
| Total Assets | $20.4M |
| Total Liabilities | $1.1M |
| Net Assets | $19.3M |
| Operating Margin | -17.3% |
| Debt-to-Asset Ratio | 5.3% |
| Months of Reserves | 72.4 months |
Financial Health Grade: B
In 2024, Burchfield Penney Art Center reported a deficit of $498K with expenses exceeding revenue, holds 72.4 months of operating reserves (strong position), has a debt-to-asset ratio of 5.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2024), Burchfield Penney Art Center's revenue has grown at a compound annual growth rate (CAGR) of 4.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.7% | +23.9% | +10.4% |
| 2023 | +2.5% | +11.6% | +8.6% |
| 2022 | +12.7% | +33.4% | -12.6% |
| 2021 | +15.6% | -11.9% | +31.8% |
| 2019 | +6.5% | +3.0% | +7.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Burchfield Penney Art Center 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Burchfield Penney Art Center allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $498K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.3%.
Executive Compensation Analysis
The reported 0% officer compensation across all available filings is unusual for an organization of this size with assets exceeding $20 million and annual revenues approaching $3 million. This suggests that executive compensation may be paid by a related entity (e.g., a university) or is not reported in a standard manner on the 990, which could impact 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 Burchfield Penney Art Center's IRS 990 filings:
- Consistent 0% officer compensation, potentially indicating undisclosed executive pay via a related entity.
- Operating deficit in the most recent filing period (202406) where expenses exceeded revenue by $497,591.
Strengths
The following positive indicators were identified for Burchfield Penney Art Center:
- Significant and consistent growth in assets, from $12.3M in 2015 to $20.3M in 2024.
- Steady revenue growth over the past decade, indicating strong fundraising or earned income capabilities.
- Generally stable financial management with expenses often kept close to or below revenue in most periods.
- Low liabilities relative to assets, indicating a healthy balance sheet.
Frequently Asked Questions about Burchfield Penney Art Center
Is Burchfield Penney Art Center a legitimate charity?
Burchfield Penney Art Center (EIN: 161596245) 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: $3.1M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Burchfield Penney Art Center spend its money?
Burchfield Penney Art Center directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Burchfield Penney Art Center tax-deductible?
Burchfield Penney Art Center is registered as a tax-exempt nonprofit (EIN: 161596245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Burchfield Penney Art Center CEO make?
Burchfield Penney Art Center's highest-compensated officer earns $20 annually. The organization reported $3.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Burchfield Penney Art Center's spending goes to programs?
Burchfield Penney Art Center directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Burchfield Penney Art Center compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Burchfield Penney Art Center is above average for NTEE category A51 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Burchfield Penney Art Center located?
Burchfield Penney Art Center is headquartered in Buffalo, New York and files with the IRS under EIN 161596245. It is classified under NTEE code A51.
How many years of IRS 990 filings does Burchfield Penney Art Center have?
Burchfield Penney Art Center 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 $3.1M in total revenue.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all filings for an organization of this size is highly unusual and suggests that executive salaries might be covered by a parent organization (e.g., a university) or are not disclosed in this section of the 990. This warrants further investigation for complete financial transparency.
What caused the significant operating deficit in the 202406 period?
In the 202406 period, expenses ($3,377,474) exceeded revenue ($2,879,883) by $497,591. Understanding the specific drivers of this deficit, such as one-time capital expenditures or increased program costs, would provide insight into its financial management.
How does the organization plan to address the recent operating deficit?
While the organization has a strong asset base, a nearly $500,000 deficit in the most recent year suggests a need for a strategy to bring expenses back in line with revenue or to increase funding to cover operational costs.
Filing History
IRS 990 filing history for Burchfield Penney Art Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2024), Burchfield Penney Art Center's revenue has grown by 72.6%, moving from $1.7M to $2.9M. Total assets increased by 147.6% over the same period, from $8.2M to $20.4M. Total functional expenses rose by 117.4%, from $1.6M to $3.4M. In its most recent filing year (2024), Burchfield Penney Art Center reported a deficit of $498K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $20.4M in assets (debt-to-asset ratio: 5.3%), resulting in net assets of $19.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $3.4M | $20.4M | $1.1M | — | View 990 |
| 2023 | $2.6M | $2.7M | $18.5M | $587K | — | View 990 |
| 2022 | $2.6M | $2.4M | $17.0M | $349K | — | View 990 |
| 2021 | $2.3M | $1.8M | $19.5M | $588K | — | View 990 |
| 2019 | $2.0M | $2.1M | $14.8M | $480K | — | View 990 |
| 2018 | $1.9M | $2.0M | $13.8M | $217K | — | View 990 |
| 2017 | $1.9M | $2.2M | $12.9M | $91K | — | View 990 |
| 2016 | $2.0M | $2.0M | $12.0M | $191K | — | View 990 |
| 2015 | $1.8M | $2.0M | $12.3M | $270K | — | View 990 |
| 2014 | $2.0M | $1.9M | $12.2M | $253K | — | View 990 |
| 2013 | $1.3M | $1.6M | $10.5M | $163K | — | View 990 |
| 2012 | $3.2M | $1.5M | $9.7M | $61K | — | View 990 |
| 2011 | $1.7M | $1.6M | $8.2M | $185K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.9M, expenses of $3.4M, and assets of $20.4M (revenue +8.7% year-over-year).
- 2023: Revenue of $2.6M, expenses of $2.7M, and assets of $18.5M (revenue +2.5% year-over-year).
- 2022: Revenue of $2.6M, expenses of $2.4M, and assets of $17.0M (revenue +12.7% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.8M, and assets of $19.5M (revenue +15.6% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.1M, and assets of $14.8M (revenue +6.5% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.0M, and assets of $13.8M (revenue -4.0% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.2M, and assets of $12.9M (revenue -1.5% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $12.0M (revenue +11.1% year-over-year).
- 2015: Revenue of $1.8M, expenses of $2.0M, and assets of $12.3M (revenue -12.3% year-over-year).
- 2014: Revenue of $2.0M, expenses of $1.9M, and assets of $12.2M (revenue +57.6% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.6M, and assets of $10.5M (revenue -60.4% year-over-year).
- 2012: Revenue of $3.2M, expenses of $1.5M, and assets of $9.7M (revenue +94.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.6M, and assets of $8.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Burchfield Penney Art Center:
Data Sources and Methodology
This transparency report for Burchfield Penney Art Center 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.