M & T Charitable Foundation
M & T Charitable Foundation maintains substantial assets despite highly variable annual revenue and expenses, with no reported officer compensation.
EIN: 161448017 · Buffalo, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $19.3M |
| Total Expenses | $41.1M |
| Program Spending | 90% |
| Net Assets | $202.2M |
| Transparency Score | 85/100 |
Is M & T Charitable Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
M & T Charitable Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About M & T Charitable Foundation
M & T Charitable Foundation (EIN: 161448017) is a nonprofit organization based in Buffalo, NY. The organization reported total revenue of $19.3M and total assets of $182.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of M & T Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
M & T Charitable Foundation is a large nonprofit that has been operating for 32 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.3M |
| Total Expenses | $41.1M |
| Surplus / Deficit | $-19,758,346 |
| Total Assets | $203.2M |
| Total Liabilities | $1.0M |
| Net Assets | $202.2M |
| Operating Margin | -92.6% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 59.3 months |
Financial Health Grade: B
In 2023, M & T Charitable Foundation reported a deficit of $19.8M with expenses exceeding revenue, holds 59.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), M & T Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -91.1% | -0.3% | -6.3% |
| 2022 | +722.8% | +40.4% | +904.9% |
| 2021 | +248.4% | -2.5% | +7.9% |
| 2020 | +879.7% | +4.4% | -54.1% |
| 2019 | -98.3% | +43.1% | +32.4% |
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 M & T Charitable Foundation 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: 90%
- fundraising: 0%
According to IRS 990 filings, M & T Charitable Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 deficit of $19.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting that the foundation's officers are either uncompensated or compensated by an affiliated entity, which is a positive indicator for minimizing administrative overhead.
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 M & T Charitable Foundation's IRS 990 filings:
- Significant annual revenue volatility, which could indicate reliance on unpredictable large contributions.
- Expenses frequently exceed revenue in several periods (e.g., 2023, 2020, 2019), indicating reliance on asset drawdowns, which while sustainable with large assets, warrants monitoring.
Strengths
The following positive indicators were identified for M & T Charitable Foundation:
- Strong asset base, reaching over $200 million in 2023, providing long-term financial stability.
- Consistent reporting of 0% officer compensation, indicating a lean executive administrative cost structure.
- Long and consistent IRS 990 filing history (10 filings), demonstrating good transparency.
- Ability to disburse significant funds, often exceeding annual revenue, demonstrating commitment to mission.
Frequently Asked Questions about M & T Charitable Foundation
Is M & T Charitable Foundation a legitimate charity?
M & T Charitable Foundation (EIN: 161448017) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $19.3M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does M & T Charitable Foundation spend its money?
M & T Charitable Foundation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to M & T Charitable Foundation tax-deductible?
M & T Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 161448017). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is M & T Charitable Foundation located?
M & T Charitable Foundation is headquartered in Buffalo, New York and files with the IRS under EIN 161448017.
How many years of IRS 990 filings does M & T Charitable Foundation have?
M & T Charitable Foundation has 10 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 $19.3M in total revenue.
How does M & T Charitable Foundation manage its significant revenue fluctuations?
The foundation appears to manage revenue fluctuations by drawing from its substantial asset base. For example, in 2023, revenue was $21,330,405 while expenses were $41,088,751, indicating a significant disbursement from accumulated assets. This strategy allows for consistent grant-making despite inconsistent annual income.
What is the primary source of the foundation's revenue?
While the specific breakdown isn't provided in the summary, the large and fluctuating revenue figures, particularly the $238,723,644 in 2022, suggest that the foundation likely receives significant contributions from M&T Bank or related entities, and potentially investment income from its substantial assets.
Does the foundation have a strong financial reserve?
Yes, the foundation maintains a very strong financial reserve, with assets reaching $203,176,299 in 2023. This substantial asset base provides stability and the capacity for significant future grant-making.
Filing History
IRS 990 filing history for M & T Charitable Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), M & T Charitable Foundation's revenue has declined by 46.7%, moving from $40.0M to $21.3M. Total assets increased by 585.9% over the same period, from $29.6M to $203.2M. Total functional expenses rose by 187.1%, from $14.3M to $41.1M. In its most recent filing year (2023), M & T Charitable Foundation reported a deficit of $19.8M, with expenses exceeding revenue. The organization holds $1.0M in liabilities against $203.2M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $202.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.3M | $41.1M | $203.2M | $1.0M | — | View 990 |
| 2022 | $238.7M | $41.2M | $216.8M | $216K | — | View 990 |
| 2021 | $29.0M | $29.3M | $21.6M | $120K | — | View 990 |
| 2020 | $8.3M | $30.1M | $20.0M | $1 | — | — |
| 2019 | $850K | $28.8M | $43.5M | $6K | — | View 990 |
| 2015 | $48.8M | $20.1M | $32.9M | $11K | — | View 990 |
| 2014 | $18.1M | $18.8M | $5.1M | $866K | — | View 990 |
| 2013 | $11.1M | $19.4M | $5.4M | $177K | — | View 990 |
| 2012 | $1.2M | $17.7M | $13.2M | $0 | — | View 990 |
| 2011 | $40.0M | $14.3M | $29.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.3M, expenses of $41.1M, and assets of $203.2M (revenue -91.1% year-over-year).
- 2022: Revenue of $238.7M, expenses of $41.2M, and assets of $216.8M (revenue +722.8% year-over-year).
- 2021: Revenue of $29.0M, expenses of $29.3M, and assets of $21.6M (revenue +248.4% year-over-year).
- 2020: Revenue of $8.3M, expenses of $30.1M, and assets of $20.0M (revenue +879.7% year-over-year).
- 2019: Revenue of $850K, expenses of $28.8M, and assets of $43.5M (revenue -98.3% year-over-year).
- 2015: Revenue of $48.8M, expenses of $20.1M, and assets of $32.9M (revenue +169.4% year-over-year).
- 2014: Revenue of $18.1M, expenses of $18.8M, and assets of $5.1M (revenue +62.9% year-over-year).
- 2013: Revenue of $11.1M, expenses of $19.4M, and assets of $5.4M (revenue +806.1% year-over-year).
- 2012: Revenue of $1.2M, expenses of $17.7M, and assets of $13.2M (revenue -96.9% year-over-year).
- 2011: Revenue of $40.0M, expenses of $14.3M, and assets of $29.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for M & T Charitable Foundation:
Data Sources and Methodology
This transparency report for M & T Charitable Foundation 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.