Western New York Technology Development Center Inc
Western New York Technology Development Center Inc maintains stable finances with no reported officer compensation.
EIN: 161188210 · Buffalo, NY · NTEE: U40Z · Updated: 2026-03-28
Is Western New York Technology Development Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Western New York Technology Development Center Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Western New York Technology Development Center Inc
Western New York Technology Development Center Inc (EIN: 161188210) is a nonprofit organization based in Buffalo, NY, classified under NTEE code U40Z. The organization reported total revenue of $2.1M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Western New York Technology Development Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Western New York Technology Development Center Inc 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, Western New York Technology Development Center Inc 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.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity with annual revenues exceeding $2 million. This suggests either a volunteer-led executive team or compensation structured in a way that is not reported as officer compensation on the 990, 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 Western New York Technology Development Center Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may obscure actual executive remuneration or indicate a highly unusual operational model for an organization of this size.
Strengths
The following positive indicators were identified for Western New York Technology Development Center Inc:
- Consistent financial stability with revenues generally matching expenses over a decade.
- Healthy asset base consistently above $1 million, indicating financial solvency.
- Long and consistent IRS 990 filing history (13 filings), demonstrating commitment to transparency and compliance.
- Low liabilities relative to assets, suggesting good financial management (e.g., 2023 liabilities of $356,137 vs. assets of $1,202,582).
Frequently Asked Questions about Western New York Technology Development Center Inc
Is Western New York Technology Development Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Western New York Technology Development Center Inc (EIN: 161188210) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Western New York Technology Development Center Inc spend its money?
Western New York Technology Development Center Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Western New York Technology Development Center Inc tax-deductible?
Western New York Technology Development Center Inc is registered as a tax-exempt nonprofit (EIN: 161188210). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Western New York Technology Development Center Inc compensate its executive leadership if 0% officer compensation is reported?
The IRS 990 filings consistently show 0% officer compensation. This could mean executives are volunteers, compensated through a related entity, or their compensation is categorized differently within the 990, which would require reviewing the full filing for details on 'other salaries and wages' or 'contractor payments'.
What is the detailed functional expense breakdown (program, administrative, fundraising) for WNYTDC?
The provided data does not include a detailed functional expense breakdown. To determine the exact percentages spent on programs, administration, and fundraising, the full IRS 990, Part IX (Statement of Functional Expenses) would need to be reviewed.
Is the organization financially sustainable given its tight revenue-expense margins?
While revenues and expenses are often very close (e.g., 2023 expenses of $2,573,030 vs. revenues of $2,562,968), the organization consistently maintains over $1 million in assets and has a long history of operations, suggesting a sustainable model, albeit one with limited surplus generation for significant growth or reserves.
Filing History
IRS 990 filing history for Western New York Technology Development Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Western New York Technology Development Center Inc's revenue has grown by 18.7%, moving from $2.2M to $2.6M. Total assets increased by 6.6% over the same period, from $1.1M to $1.2M. Total functional expenses rose by 20.8%, from $2.1M to $2.6M. In its most recent filing year (2023), Western New York Technology Development Center Inc reported a deficit of $10K, with expenses exceeding revenue. The organization holds $356K in liabilities against $1.2M in assets (debt-to-asset ratio: 29.6%), resulting in net assets of $846K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.6M | $1.2M | $356K | — | — |
| 2022 | $2.4M | $2.4M | $1.3M | $493K | — | View 990 |
| 2021 | $2.9M | $2.6M | $1.3M | $436K | — | View 990 |
| 2020 | $2.1M | $2.3M | $1.0M | $382K | — | — |
| 2019 | $2.3M | $2.3M | $1.1M | $254K | — | View 990 |
| 2018 | $2.3M | $2.3M | $1.3M | $506K | — | View 990 |
| 2017 | $2.0M | $2.0M | $1.0M | $259K | — | — |
| 2016 | $2.1M | $2.2M | $1.0M | $262K | — | View 990 |
| 2015 | $2.3M | $2.3M | $1.2M | $377K | — | View 990 |
| 2014 | $2.1M | $2.1M | $1.1M | $251K | — | View 990 |
| 2013 | $2.1M | $2.1M | $1.0M | $153K | — | View 990 |
| 2012 | $2.2M | $2.2M | $1.2M | $318K | — | View 990 |
| 2011 | $2.2M | $2.1M | $1.1M | $281K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.6M, and assets of $1.2M (revenue +4.9% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.4M, and assets of $1.3M (revenue -14.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.6M, and assets of $1.3M (revenue +33.1% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.3M, and assets of $1.0M (revenue -6.2% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.3M, and assets of $1.1M (revenue -1.5% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $1.3M (revenue +16.9% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.0M, and assets of $1.0M (revenue -6.3% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.2M, and assets of $1.0M (revenue -9.3% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $1.2M (revenue +13.3% year-over-year).
- 2014: Revenue of $2.1M, expenses of $2.1M, and assets of $1.1M (revenue -0.1% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.1M, and assets of $1.0M (revenue -6.6% year-over-year).
- 2012: Revenue of $2.2M, expenses of $2.2M, and assets of $1.2M (revenue +2.7% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.1M, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Western New York Technology Development Center 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.