Auxiliary Services Corporation of Suny Cortland

Analysis

Auxiliary Services Corporation of Suny Cortland is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in November 1956, 70 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 June 2024, Auxiliary Services Corporation of Suny Cortland reported income of $23.9m and spending of $20.6m, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $15.1m to $23.9m (+58%), an average of +9.6% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Auxiliary Services Corporation of Suny Cortland sits at the 97th 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 96th percentile within NY. Charities of a similar size with the same main cause include Capstone Education Group Inc ($23.8m), Pittsburgh Technical Institute Inc ($23.9m) and Association for Diagnostics & Laboratory Medicine Inc ($23.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $737k (3.6% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $25.5m against liabilities of $4.0m, net assets of $21.6m. It reported 588 employees.