Buffalo Urban Development Corporation
Buffalo, NY 14203 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $38,271,014 | $32,729,756 | $85,935,466 |
| FY2023 | $32,541,280 | $33,066,651 | $80,394,208 |
| FY2022 | $8,441,091 | $10,138,633 | $80,919,579 |
| FY2021 | $5,250,163 | $6,562,772 | $82,617,121 |
| FY2020 | $9,769,050 | $8,043,490 | $83,929,730 |
| FY2019 | $33,578,696 | $5,030,965 | $82,204,170 |
| FY2018 | $27,000,385 | $6,058,325 | $53,656,439 |
| FY2017 | $18,342,385 | $2,266,090 | $32,713,692 |
| FY2016 | $3,292,886 | $1,392,086 | $16,637,397 |
| FY2015 | $5,833,031 | $1,744,794 | $14,736,597 |
| FY2014 | $2,005,021 | $2,598,334 | $10,648,360 |
| FY2013 | $1,367,446 | $1,440,534 | $11,241,673 |
| FY2012 | $1,258,002 | $1,090,105 | $11,314,761 |
| FY2011 | $3,594,226 | $3,855,088 | $11,146,864 |
Form 990 filings
The returns filed by Buffalo Urban Development Corporation (EIN 22-2324226), 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 | $37,137,425 | 97% |
| Program service revenue | $132,628 | <1% |
| Other revenue | $1,000,961 | 3% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $32,262,209 | 99% |
| Management & general | $467,547 | 1% |
| Fundraising | $0 | 0% |
What the numbers show
- Contributions & grants made up 97% of total revenue in FY2024.
- Program services accounted for 99% of functional expenses, management & general 1%, and fundraising 0%.
- 99% of functional expenses went to program services in FY2024. That is higher than 92% of 50 Community Improvement & Capacity Building organizations in NY.
- Net assets covered about 31.5 months of expenses at the end of the reporting year. That puts it in the 73rd percentile among 1706 Community Improvement & Capacity Building organizations in NY.
- Total revenue was higher than 99% of 1782 Community Improvement & Capacity Building organizations in NY.
- Total revenue rose from $3,594,226 in FY2011 to $38,271,014 in FY2024. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2011, FY2013, FY2014, FY2021, FY2022, FY2023).
- Net assets grew from $11,146,864 to $85,935,466 between FY2011 and FY2024.
- 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
SUPPORT THE URBAN ECONOMIC DEVELOPMENT EFFORTS OF THE REGION THROUGH THE ACQUISITION, REMEDIATION AND MANAGEMENT OF DISTRESSED PROPERTIES
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | S99 — Community Improvement & Capacity Building (in NY) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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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.
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