Nichols School Of Buffalo
Nichols School Of Buffalo shows strong asset growth and consistent revenue, with no reported officer compensation.
EIN: 160755808 · Buffalo, NY · NTEE: B200 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $29.5M |
| Total Expenses | $21.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $20 |
| Net Assets | $94.6M |
| Transparency Score | 85/100 |
Is Nichols School Of Buffalo Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nichols School Of Buffalo directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nichols School Of Buffalo
Nichols School Of Buffalo (EIN: 160755808) is a nonprofit organization based in Buffalo, NY, classified under NTEE code B200. The organization reported total revenue of $29.5M and total assets of $108.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nichols School Of Buffalo's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nichols School Of Buffalo is a large nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $21.0M |
| Total Expenses | $21.5M |
| Surplus / Deficit | $-553,859 |
| Total Assets | $103.5M |
| Total Liabilities | $8.9M |
| Net Assets | $94.6M |
| Operating Margin | -2.6% |
| Debt-to-Asset Ratio | 8.6% |
| Months of Reserves | 57.6 months |
Financial Health Grade: B
In 2023, Nichols School Of Buffalo reported a deficit of $554K with expenses exceeding revenue, holds 57.6 months of operating reserves (strong position), has a debt-to-asset ratio of 8.6% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nichols School Of Buffalo's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -37.6% | +6.2% | +4.5% |
| 2022 | -20.3% | +7.7% | -3.0% |
| 2021 | +121.1% | +8.8% | +33.9% |
| 2020 | -1.5% | +0.8% | +3.5% |
| 2019 | -2.2% | -5.2% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1950 |
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 Nichols School Of Buffalo 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: 85%
- fundraising: 5%
According to IRS 990 filings, Nichols School Of Buffalo 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 deficit of $554K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.6%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $20 million in annual expenses and over $100 million in assets. This suggests either a unique compensation structure where officers are not compensated, or their compensation is reported under different categories, warranting further investigation for complete 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 Nichols School Of Buffalo's IRS 990 filings:
- Unusually low or 0% reported officer compensation, which may obscure actual executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Nichols School Of Buffalo:
- Strong and consistent asset growth, increasing from $68,520,745 in 2014 to $103,494,019 in 2023.
- Generally positive financial health with revenues typically exceeding expenses.
- Consistent reporting of 0% officer compensation, indicating potential efficiency or unique compensation structure.
- Significant revenue generation, with a peak of over $42 million in 2021.
Frequently Asked Questions about Nichols School Of Buffalo
Is Nichols School Of Buffalo a legitimate charity?
Nichols School Of Buffalo (EIN: 160755808) 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: $29.5M. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Nichols School Of Buffalo spend its money?
Nichols School Of Buffalo directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nichols School Of Buffalo tax-deductible?
Nichols School Of Buffalo is registered as a tax-exempt nonprofit (EIN: 160755808). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nichols School Of Buffalo CEO make?
Nichols School Of Buffalo's highest-compensated officer earns $20 annually. The organization reported $29.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nichols School Of Buffalo's spending goes to programs?
Nichols School Of Buffalo directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nichols School Of Buffalo compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Nichols School Of Buffalo is above average for NTEE category B200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nichols School Of Buffalo located?
Nichols School Of Buffalo is headquartered in Buffalo, New York and files with the IRS under EIN 160755808. It is classified under NTEE code B200.
How many years of IRS 990 filings does Nichols School Of Buffalo have?
Nichols School Of Buffalo 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 $29.5M in total revenue.
Is Nichols School Of Buffalo a good charity?
Based on its financial health, strong asset growth, and consistent revenue generation, Nichols School Of Buffalo appears to be a financially sound organization. The consistent reporting of 0% officer compensation is a positive indicator of potential efficiency, though it warrants further inquiry into how leadership is compensated.
How does Nichols School Of Buffalo manage its expenses?
The organization generally manages its expenses well, with revenues typically exceeding expenses. For example, in 2022, revenue was $33,650,078 against expenses of $20,282,166, indicating a significant surplus. However, in 2023, expenses ($21,543,495) slightly surpassed revenue ($20,989,636), suggesting a need to monitor spending or revenue generation more closely in the short term.
What is the trend in Nichols School Of Buffalo's assets?
Nichols School Of Buffalo has shown strong and consistent asset growth over the past decade. Assets have increased from $68,520,745 in 2014 to $103,494,019 in 2023, demonstrating robust financial management and accumulation of resources.
Filing History
IRS 990 filing history for Nichols School Of Buffalo showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nichols School Of Buffalo's revenue has grown by 33.1%, moving from $15.8M to $21.0M. Total assets increased by 58.2% over the same period, from $65.4M to $103.5M. Total functional expenses rose by 55.9%, from $13.8M to $21.5M. In its most recent filing year (2023), Nichols School Of Buffalo reported a deficit of $554K, with expenses exceeding revenue. The organization holds $8.9M in liabilities against $103.5M in assets (debt-to-asset ratio: 8.6%), resulting in net assets of $94.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $21.0M | $21.5M | $103.5M | $8.9M | — | View 990 |
| 2022 | $33.7M | $20.3M | $99.0M | $8.9M | — | View 990 |
| 2021 | $42.2M | $18.8M | $102.0M | $8.2M | — | View 990 |
| 2020 | $19.1M | $17.3M | $76.2M | $9.1M | — | View 990 |
| 2019 | $19.4M | $17.2M | $73.6M | $7.4M | — | View 990 |
| 2018 | $19.8M | $18.1M | $69.3M | $7.1M | — | View 990 |
| 2017 | $17.4M | $16.9M | $66.4M | $7.6M | — | View 990 |
| 2016 | $15.2M | $16.5M | $63.9M | $7.2M | — | View 990 |
| 2015 | $17.4M | $15.9M | $65.2M | $7.4M | — | View 990 |
| 2014 | $14.9M | $15.2M | $68.5M | $9.9M | — | View 990 |
| 2013 | $15.2M | $15.1M | $64.5M | $8.8M | — | View 990 |
| 2012 | $14.5M | $14.7M | $64.4M | $9.2M | — | View 990 |
| 2011 | $15.8M | $13.8M | $65.4M | $8.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.0M, expenses of $21.5M, and assets of $103.5M (revenue -37.6% year-over-year).
- 2022: Revenue of $33.7M, expenses of $20.3M, and assets of $99.0M (revenue -20.3% year-over-year).
- 2021: Revenue of $42.2M, expenses of $18.8M, and assets of $102.0M (revenue +121.1% year-over-year).
- 2020: Revenue of $19.1M, expenses of $17.3M, and assets of $76.2M (revenue -1.5% year-over-year).
- 2019: Revenue of $19.4M, expenses of $17.2M, and assets of $73.6M (revenue -2.2% year-over-year).
- 2018: Revenue of $19.8M, expenses of $18.1M, and assets of $69.3M (revenue +14.1% year-over-year).
- 2017: Revenue of $17.4M, expenses of $16.9M, and assets of $66.4M (revenue +14.5% year-over-year).
- 2016: Revenue of $15.2M, expenses of $16.5M, and assets of $63.9M (revenue -13.0% year-over-year).
- 2015: Revenue of $17.4M, expenses of $15.9M, and assets of $65.2M (revenue +17.2% year-over-year).
- 2014: Revenue of $14.9M, expenses of $15.2M, and assets of $68.5M (revenue -2.4% year-over-year).
- 2013: Revenue of $15.2M, expenses of $15.1M, and assets of $64.5M (revenue +5.2% year-over-year).
- 2012: Revenue of $14.5M, expenses of $14.7M, and assets of $64.4M (revenue -8.1% year-over-year).
- 2011: Revenue of $15.8M, expenses of $13.8M, and assets of $65.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nichols School Of Buffalo:
Data Sources and Methodology
This transparency report for Nichols School Of Buffalo 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.