Buffalo Fine Arts Academy
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 10,180,289 | 13,168,539 | −2,988,250 | 112.8 | 22% |
| 2013 | 18,510,057 | 11,500,305 | 7,009,752 | 141.9 | 27% |
| 2014 | 16,729,355 | 11,547,378 | 5,181,977 | 153.1 | 29% |
| 2015 | 23,518,830 | 13,265,315 | 10,253,515 | 130.3 | 28% |
| 2016 | 10,841,644 | 16,257,076 | −5,415,432 | 97.4 | 24% |
| 2017 | 83,586,865 | 15,479,906 | 68,106,959 | 161.2 | 24% |
| 2018 | 21,511,046 | 18,644,249 | 2,866,797 | 140.1 | 21% |
| 2019 | 19,933,908 | 16,048,436 | 3,885,472 | 166.7 | 24% |
| 2020 | 16,708,425 | 12,699,778 | 4,008,647 | 215.5 | 33% |
| 2021 | 64,534,922 | 13,126,188 | 51,408,734 | 281.3 | 30% |
| 2022 | 30,844,940 | 18,377,351 | 12,467,589 | 186.3 | 27% |
| 2023 | 64,481,892 | 20,052,780 | 44,429,112 | 204.4 | 30% |
| 2024 | 19,629,613 | 26,986,906 | −7,357,293 | 154.4 | 30% |
In its most recent public year (2024), this organization spent $7,357,293 more than it brought in. Its reserves stood at about 154.4 months of spending, up from 112.8 in 2012. Staff pay was 30% of spending. $333,475,985 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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