Hope Of Buffalo Inc
Hope Of Buffalo Inc shows consistent revenue growth and zero reported officer compensation over the past decade.
EIN: 161306559 · Buffalo, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.0M |
| Total Expenses | $2.4M |
| Program Spending | 85% |
| Net Assets | $2.2M |
| Transparency Score | 90/100 |
Is Hope Of Buffalo Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hope Of Buffalo Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hope Of Buffalo Inc
Hope Of Buffalo Inc (EIN: 161306559) is a nonprofit organization based in Buffalo, NY. The organization reported total revenue of $5.0M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hope Of Buffalo Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hope Of Buffalo Inc is a mid-size nonprofit that has been operating for 48 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 17.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$180K |
| Total Assets | $2.8M |
| Total Liabilities | $581K |
| Net Assets | $2.2M |
| Operating Margin | 7.0% |
| Debt-to-Asset Ratio | 20.8% |
| Months of Reserves | 13.9 months |
Financial Health Grade: A
In 2023, Hope Of Buffalo Inc reported a surplus of $180K with revenue exceeding expenses, holds 13.9 months of operating reserves (strong position), has a debt-to-asset ratio of 20.8% (moderate leverage).
Financial Trends
Over 12 years of filings (2012–2023), Hope Of Buffalo Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.2% | +34.5% | +9.9% |
| 2022 | +21.5% | +31.6% | +7.1% |
| 2021 | +16.1% | +19.7% | +1.3% |
| 2020 | +56.7% | +26.1% | +16.0% |
| 2019 | +24.9% | +19.8% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
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 Hope Of Buffalo Inc with a Mission Score of 90 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: 85%
- fundraising: 5%
According to IRS 990 filings, Hope Of Buffalo Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $180K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.8%.
Executive Compensation Analysis
Hope Of Buffalo Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to officers, which is highly unusual and suggests a volunteer-driven leadership or that compensation is reported under other expense categories, though the former is more likely given the consistent reporting.
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 Hope Of Buffalo Inc:
- Consistent revenue growth, increasing from $614,801 in 2018 to $2,581,732 in 2023.
- Zero reported officer compensation across all filings, indicating high efficiency and mission focus.
- Healthy asset growth and strong asset-to-liability ratio (e.g., $2,787,568 assets vs. $580,926 liabilities in 2023).
- Positive operating margins in most recent years (e.g., 2023 revenue $2,581,732 vs. expenses $2,401,708).
Frequently Asked Questions about Hope Of Buffalo Inc
Is Hope Of Buffalo Inc a legitimate charity?
Hope Of Buffalo Inc (EIN: 161306559) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 12 years of IRS 990 filings on record. Total revenue: $5.0M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Hope Of Buffalo Inc spend its money?
Hope Of Buffalo Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Hope Of Buffalo Inc tax-deductible?
Hope Of Buffalo Inc is registered as a tax-exempt nonprofit (EIN: 161306559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hope Of Buffalo Inc's spending goes to programs?
Hope Of Buffalo Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hope Of Buffalo Inc located?
Hope Of Buffalo Inc is headquartered in Buffalo, New York and files with the IRS under EIN 161306559.
How many years of IRS 990 filings does Hope Of Buffalo Inc have?
Hope Of Buffalo Inc has 12 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 $5.0M in total revenue.
Is Hope Of Buffalo Inc a good charity?
Based on the provided financial data, Hope Of Buffalo Inc appears to be a well-managed charity. It demonstrates consistent revenue and asset growth, maintains a healthy financial position with assets significantly exceeding liabilities, and notably reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission.
How has Hope Of Buffalo Inc's financial health changed over time?
Hope Of Buffalo Inc has shown significant financial growth. Revenue increased from $614,801 in 2018 to $2,581,732 in 2023, and assets grew from $2,061,499 to $2,787,568 in the same period. This indicates a positive trend in financial health and capacity.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation in all available filings, which is a highly transparent and mission-focused approach, implying that leadership is either entirely volunteer-based or compensated through non-officer roles.
Filing History
IRS 990 filing history for Hope Of Buffalo Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Hope Of Buffalo Inc's revenue has grown by 465.4%, moving from $457K to $2.6M. Total assets increased by 216.6% over the same period, from $881K to $2.8M. Total functional expenses rose by 295.1%, from $608K to $2.4M. In its most recent filing year (2023), Hope Of Buffalo Inc reported a surplus of $180K, with revenue exceeding expenses. The organization holds $581K in liabilities against $2.8M in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.4M | $2.8M | $581K | — | View 990 |
| 2022 | $1.7M | $1.8M | $2.5M | $559K | — | — |
| 2021 | $1.4M | $1.4M | $2.4M | $186K | — | View 990 |
| 2020 | $1.2M | $1.1M | $2.3M | $267K | — | View 990 |
| 2019 | $768K | $899K | $2.0M | $44K | — | View 990 |
| 2018 | $615K | $750K | $2.1M | $20K | — | View 990 |
| 2017 | $667K | $691K | $2.3M | $17K | — | — |
| 2016 | $544K | $589K | $2.3M | $9K | — | View 990 |
| 2015 | $1.5M | $656K | $2.3M | $8K | — | View 990 |
| 2014 | $948K | $852K | $1.6M | $145K | — | View 990 |
| 2013 | $1.3M | $677K | $1.5M | $102K | — | View 990 |
| 2012 | $457K | $608K | $881K | $75K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.4M, and assets of $2.8M (revenue +52.2% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.8M, and assets of $2.5M (revenue +21.5% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.4M, and assets of $2.4M (revenue +16.1% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $2.3M (revenue +56.7% year-over-year).
- 2019: Revenue of $768K, expenses of $899K, and assets of $2.0M (revenue +24.9% year-over-year).
- 2018: Revenue of $615K, expenses of $750K, and assets of $2.1M (revenue -7.8% year-over-year).
- 2017: Revenue of $667K, expenses of $691K, and assets of $2.3M (revenue +22.6% year-over-year).
- 2016: Revenue of $544K, expenses of $589K, and assets of $2.3M (revenue -63.4% year-over-year).
- 2015: Revenue of $1.5M, expenses of $656K, and assets of $2.3M (revenue +56.7% year-over-year).
- 2014: Revenue of $948K, expenses of $852K, and assets of $1.6M (revenue -25.9% year-over-year).
- 2013: Revenue of $1.3M, expenses of $677K, and assets of $1.5M (revenue +180.1% year-over-year).
- 2012: Revenue of $457K, expenses of $608K, and assets of $881K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hope Of Buffalo Inc:
Data Sources and Methodology
This transparency report for Hope Of Buffalo 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.