Kingsborough Community College Auxiliary Enterprises Corp

Analysis

Kingsborough Community College Auxiliary Enterprises Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1994, 32 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Kingsborough Community College Auxiliary Enterprises Corp reported income of $1.0m and spending of $1.1m, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.3m to $1.0m (-20%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kingsborough Community College Auxiliary Enterprises Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Boy Scouts of America ($1.0m), Bernardine Franciscan Sisters Foundation Inc ($1.0m) and Boys and Girls Club of Troy ($1.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 66% of the total. Other salaries and wages came to $199k. At year end it held assets of $4.1m against liabilities of $602k, net assets of $3.5m.