Buffalo Fine Arts Academy
1285 Elmwood Ave, Buffalo, NY · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $26,569,161 | $27,808,696 | $351,704,348 |
| FY2024 | $19,629,613 | $26,986,906 | $347,287,227 |
| FY2023 | $64,481,892 | $20,052,780 | $341,563,738 |
| FY2022 | $30,844,940 | $18,377,351 | $285,366,994 |
| FY2021 | $64,534,922 | $13,126,188 | $307,743,723 |
| FY2020 | $16,708,425 | $12,699,778 | $228,094,950 |
| FY2019 | $19,933,908 | $16,048,436 | $222,985,041 |
| FY2018 | $21,511,046 | $18,644,249 | $217,621,619 |
| FY2017 | $83,586,865 | $15,479,906 | $207,997,493 |
| FY2016 | $10,841,644 | $16,257,076 | $131,975,104 |
| FY2015 | $23,518,830 | $13,265,315 | $143,984,313 |
| FY2014 | $16,729,355 | $11,547,378 | $147,305,226 |
| FY2013 | $18,510,057 | $11,500,305 | $136,032,910 |
| FY2012 | $10,180,289 | $13,168,539 | $123,778,729 |
Form 990 filings
The returns filed by Buffalo Fine Arts Academy (EIN 16-6001555), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $7,808,269 | 29% |
| Program service revenue | $4,236,910 | 16% |
| Other revenue | $14,523,982 | 55% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $12,221,881 | 44% |
| Management & general | $13,276,214 | 48% |
| Fundraising | $2,310,601 | 8% |
What the numbers show
- Other revenue made up 55% of total revenue in FY2025.
- Program services accounted for 44% of functional expenses, management & general 48%, and fundraising 8%.
- 44% of functional expenses went to program services in FY2025. That is higher than 2.3% of 132 Arts, Culture & Humanities organizations in NY.
- Net assets covered about 151.8 months of expenses at the end of the reporting year. That puts it in the 92nd percentile among 3987 Arts, Culture & Humanities organizations in NY.
- Total revenue was higher than 99% of 4097 Arts, Culture & Humanities organizations in NY.
- Total revenue rose from $10,180,289 in FY2012 to $26,569,161 in FY2025. Revenue increased in 6 and decreased in 7 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 14 reported years (FY2012, FY2016, FY2024, FY2025).
- The highest revenue on record here is $83,586,865 in FY2017.
- Net assets grew from $123,778,729 to $351,704,348 between FY2012 and FY2025.
- Contributions and grants made up 47% of revenue in FY2012 and 29% in FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
THE BUFFALO FINE ARTS ACADEMY WAS INCORPORATED IN 1862 TO PROMOTE, CULTIVATE AND GENERALLY FOSTER ART IN ALL ITS BRANCHES.
IRS status
| Ruling year | 1940 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A510 — Arts, Culture & Humanities (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Universal Communications Network Inc — New York, NY · $26,633,209
- New Museum of Contemporary Art — New York, NY · $25,693,478
- Seventh Regiment Armory Conservancy Inc — New York, NY · $28,748,363
- Shed NYC Inc — New York, NY · $32,765,136
- Jewish Museum — New York, NY · $33,802,678
- Statue of Liberty Ellis Island Foundation Inc — New York, NY · $36,399,117
- Robert Rauschenberg Foundation — New York, NY · $36,534,009
- American Council of Learned Societies — New York, NY · $38,862,022
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.