Hostos Community College Auxiliary Enterprises Corporation Inc

Analysis

Hostos Community College Auxiliary Enterprises Corporation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 2023, Hostos Community College Auxiliary Enterprises Corporation Inc reported income of $1.3m and spending of $2.0m, spending 154% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.3m (-18%), an average of -4.8% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hostos Community College Auxiliary Enterprises Corporation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include St Mary Towers Inc ($1.3m), Batavia Council on Aging Inc ($1.3m) and Light of the Rockies Christian Counseling Center ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 72% of the total. Other salaries and wages came to $215k. At year end it held assets of $3.8m against liabilities of $899k, net assets of $2.9m. It reported 109 employees.