Auxiliary Service Corp

Analysis

Auxiliary Service Corp is a registered charity in United States, based in Old Westbury, NY. It received its IRS tax-exemption ruling in September 1985, 41 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Auxiliary Service Corp reported income of $3.9m and spending of $3.7m, spending 94% of its income. Across the 5 years on record, from May 2020 to May 2024, income fell from $4.6m to $3.9m (-14%), an average of -3.6% a year. The sharpest change came in the year to May 2022, when income rose by 547%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Auxiliary Service Corp sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Passages to Recovery Inc ($3.9m), Yeshiva Gedolah Rabbinical ($3.9m) and New York City Gay and Lesbian Anti-Violence Project Inc ($3.9m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 96% of the total. Other salaries and wages came to $189k. At year end it held assets of $5.2m against liabilities of $1.5m, net assets of $3.7m.