Borough of Manhattan Community College Auxiliary Enterprises Corp

Analysis

Borough of Manhattan Community College Auxiliary Enterprises Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1985, 41 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, Borough of Manhattan Community College Auxiliary Enterprises Corp reported income of $1.1m and spending of $939k, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.8m to $1.1m (-41%), an average of -16% a year. The sharpest change came in the year to June 2022, when income rose by 133%. Over the whole period it spent 45% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Borough of Manhattan 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 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Disabled Veterans Charities Inc ($1.1m), Christian County Hopkinsville Development Corp ($1.1m) and Local 99-99a International Union of Operating Engineers Joint Apprenti ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 23% of the total. Other salaries and wages came to $197k. At year end it held assets of $24.2m against liabilities of $194k, net assets of $24.0m.