716 FOUNDATION INC 716 FOUNDATION
BUFFALO,
New York,
14209
EIN: 87-2553620
Philanthropy, Voluntarism and Grantmaking Foundations
DEMOGRAPHIC
ADDRESS
1109 DELAWARE AVENUE
14209
COUNTY
erie county, NY
IN CARE OF NAME
JOSHUA LIPPES
ORGANIZATIONAL OVERVIEW & RANKINGS
716 FOUNDATION INC 716 FOUNDATION is a based in BUFFALO, NY, focused on Philanthropy, Voluntarism and Grantmaking Foundations causes , specifically Community Foundations. Established in November 2022, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $200,493.00, this ranks 407,923 among 2,656,690 nonprofits nationally (Top 16%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 32,553 out of 159,053 organizations in NY (Top 21%).
In erie county, NY, the organization ranks 1,674 out of 7,328 nonprofits by assets (Top 23%), while locally in buffalo, it stands at 752 among 3,063 organizations (Top 25%).
The organization reported annual revenue of $100,400.00, ranking 393,133 nationally (Top 15%) and 28,289 in NY (Top 18%).
Within its specific NTEE classification (T31 - T: Philanthropy, Voluntarism and Grantmaking Foundations), which includes 4,422 similar organizations, 716 FOUNDATION INC 716 FOUNDATION ranks 1,240 in assets (Top 28%) and 1,121 in revenue (Top 25%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
T: Philanthropy, Voluntarism and Grantmaking Foundations
NTEE CODE
T31: Community Foundations
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2022
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$100,400.00
FORM 990 REVENUE AMOUNT
$100,400.00
RULING DATE
11/2022
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$200,493.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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