BUFFALO FINE ARTS ACADEMY

BUFFALO, NY, 14222-1003 (716) 882-8700 Est. 1862 EIN 16-6001555
A510— Arts, Culture & Humanities Form 990 501(c)(3)

Mission

THE BUFFALO FINE ARTS ACADEMY WAS INCORPORATED IN 1862 TO PROMOTE, CULTIVATE AND GENERALLY FOSTER ART IN ALL ITS BRANCHES. IT IS THE PARENT ORGANIZATION OF THE BUFFALO AKG ART MUSEUM ONE OF THE COUNTRY'S MOST PROMINENT ART MUSEUMS, AS WELL AS AN IMPORTANT CULTURAL AND EDUCATIONAL CENTER IN WESTERN NEW YORK. THE MUSEUM IS DEDICATED TO SERVING BOTH THE LOCAL COMMUNITY AND A WIDER ART AUDIENCE THROUGH A RECOGNIZED AND ACTIVE PROGRAM OF COLLECTING, EDUCATING, EXHIBITING AND INTERPRETING ART WORKS, WITH PARTICULAR EMPHASIS ON THE CREATIVE ACCOMPLISHMENTS OF THE 20TH AND 21ST CENTURY.

Financials

Total Revenue
$26,569,161
Total Expenses
$27,808,696
Net Assets
$351,704,348
236 employees 295 volunteers
From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve
10+ years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 35.4%
Expenses ↑ 3.0%
Revenue Sources
Contributions 29.4% Earned revenue 15.9% Investment 53.3% Other 1.0%
Expense Breakdown
Program 43.9% Management 47.7% Fundraising 8.3%

Officers & Key Employees (44)

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Grants Received (66)

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Filing History (5 filings)

YearRevenueExpensesNet Assets
2024 Form 990$26,569,161 $27,808,696$351,704,348
2023 Form 990$19,629,613 $26,986,906$347,287,227
2022 Form 990$64,481,892 $20,052,780$341,563,738
2020 Form 990$64,534,922 $13,126,188$307,743,723
2018 Form 990$19,933,908 $16,048,436$222,985,041

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EIN: 16-6001555 · Source: IRS Form 990 e-file data