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Buffalo Fine Arts Academy
Also known as Buffalo Akg Art Museum
Buffalo Fine Arts Academy reported $26.6 million in revenue and $27.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $43.95 went to program services, $47.74 to management and general costs and $8.31 to fundraising. Its largest source of revenue was investment income: 53.3% of the total. The highest compensation it reported for one person was $469,113 (DIRECTOR). 8 people received more than $100,000 in reportable compensation. Revenue rose 59% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $28MFor context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $27MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 43.9% | 78.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 47.7% | 13.6% |
| Fundraising Part IX 25(D) ÷ 25(A) | 8.3% | 6.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.30 | $0.10 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 29.4% | 57.5% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 3.8% | 1.7% |
| Program service revenue share Part VIII 2g ÷ 12 | 15.9% | 20.8% |
| Highest reported compensation Part VII-A, columns D–F | $469,113 | $385,706 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.69% | 2.03% |
| People paid over $100,000 Part VII, line 2 | 8 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 151.8 | 36.6 |
| Independent voting board members Part VI 1a–1b | 36 of 36 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expensePurchase and conservation of works of art- art purchased for the permanent collection and related conservation activities
Gallery operations- maintenance and security of the collection and various activities relating to the permanent collection
Exhibitions- exhibitions of various artists works which are not usually included in the permanent collection
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| DIRECTOR Officer, 35.00 hrs/week | $427,154 | $0 | $41,959 | $469,113 |
| DEPUTY DIRECTOR Officer, 35.00 hrs/week | $155,000 | $0 | $21,089 | $176,089 |
| CFO Officer, 35.00 hrs/week | $142,769 | $0 | $21,230 | $163,999 |
| DIRECTOR OF INFORMATION TECHNOLOGY Highest compensated employee, 35.00 hrs/week | $121,908 | $0 | $31,118 | $153,026 |
| CHIEF CURATOR Highest compensated employee, 35.00 hrs/week | $127,481 | $0 | $19,113 | $146,594 |
| DIRECTOR OF FACILITIES, PLANNING & MGMT Highest compensated employee, 35.00 hrs/week | $135,785 | $0 | $9,749 | $145,534 |
| DIRECTOR OF ADVANCEMENT Highest compensated employee, 35.00 hrs/week | $106,600 | $0 | $16,923 | $123,523 |
| DIRECTOR OF HUMAN RESOURCES Highest compensated employee, 35.00 hrs/week | $110,636 | $0 | $7,939 | $118,575 |
8 people received more than $100,000 in reportable compensation from Buffalo Fine Arts Academy (Part VII, line 2). Compensation of current officers, directors and key employees totaled $725K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b36 · 36 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5236
- Volunteers Part I, line 6295
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| GILBRANE BUILDING COMPANY Construction | $1,141,313 |
| NAPIER AND SONS INC Landscape services | $480,938 |
| LIFETIME SERVICE CENTER Electronics repair | $329,366 |
| OMAAMO ARCHITECTURE PC Architect | $196,939 |
| U&S SERVICES Maintenance | $190,475 |
Individuals listed as contractors are left out. 31 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Buffalo Fine Arts Academy totaling $27,911 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Buffalo Fine Arts Academy's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Buffalo Fine Arts Academy, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Buffalo Fine Arts Academy spent in FY2025, $43.95 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Hennepin Theatre TrustMinneapolis, MN · revenue $27M · programs 79.4% · FY2025
- The Phillips CollectionWashington, DC · revenue $27M · programs 74.1% · FY2025
- Milwaukee Repertory TheaterMilwaukee, WI · revenue $27M · programs 79.2% · FY2025
- University Communications NetworkNew York, NY · revenue $27M · programs 90.2% · 2024
- PRXCambridge, MA · revenue $27M · programs 90.1% · FY2025
All arts, culture & humanities charities · Largest charities in New York
Questions people ask
How much of Buffalo Fine Arts Academy's spending goes to programs?
In the fiscal year ending June 30, 2025, Buffalo Fine Arts Academy reported that 43.9% of its $27.8 million in expenses went to program services, 47.7% to management and general and 8.3% to fundraising (Form 990, Part IX).
How much does Buffalo Fine Arts Academy pay its top executive?
The largest total compensation Buffalo Fine Arts Academy reported for one person in the fiscal year ending June 30, 2025 was $469,113, for the role of DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Buffalo Fine Arts Academy get its money?
Of $26.6 million in revenue in the fiscal year ending June 30, 2025, 29.4% came from contributions and grants (including 3.8% from government grants) and 15.9% from program service revenue (Form 990, Part VIII).
Is Buffalo Fine Arts Academy a registered charity?
The IRS lists EIN 16-6001555 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202503149349301405 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202423539349300122 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202313549349301131 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202223009349301322 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202142889349301304 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202002969349301250 · read the filing
All filings for EIN 16-6001555: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.