Queens College Auxiliary Enterprises Corporation

Analysis

Queens College Auxiliary Enterprises Corporation is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Queens College Auxiliary Enterprises Corporation reported income of $6.1m and spending of $9.6m, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.9m to $6.1m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Queens College Auxiliary Enterprises Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Crestview Preparatory School ($6.1m), Sandia Foundation ($6.1m) and Rain Drop Foundation Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $8.1m against liabilities of $1.2m, net assets of $6.9m. It reported 86 employees.