University Auxiliary Services at Albany Inc

Analysis

University Auxiliary Services at Albany Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in January 1953, 73 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, University Auxiliary Services at Albany Inc reported income of $17.0m and spending of $32.1m, spending 189% of what it took in. Across the 5 years on record, from June 2020 to May 2024, income grew from $10.2m to $17.0m (+66%), an average of +14% a year. The sharpest change came in the year to May 2022, when income rose by 62%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University Auxiliary Services at Albany Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Amistad Academy Inc ($17.0m), Duluth Public Schools Academy ($17.0m) and University of Texas Law School Foundation ($16.9m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 85% of the total. Compensation of current officers, directors and key employees was $231k (0.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $29.8m against liabilities of $6.0m, net assets of $23.8m. It reported 20 employees.