Medgar Evers College Auxiliary Enterprises Corp

Analysis

Medgar Evers College Auxiliary Enterprises Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Medgar Evers College Auxiliary Enterprises Corp reported income of $230k and spending of $389k, spending 169% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $618k to $230k (-63%), an average of -22% a year. The sharpest change came in the year to June 2023, when income rose by 104%. Over the whole period it spent 124% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Medgar Evers College Auxiliary Enterprises Corp sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Spaulding High School Scholarship TR ($230k), National Flooring Contractors Apprenticeship Program Inc ($230k) and Sickles High School Omnibus Booster Organization Inc ($230k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.7% and program service revenue 80% of the total. At year end it held assets of $1.1m against liabilities of $538k, net assets of $591k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.