Binghamton Auxiliary Services Corporation

Analysis

Binghamton Auxiliary Services Corporation is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Binghamton Auxiliary Services Corporation reported income of $3.5m and spending of $1.5m, leaving 58% of income unspent that year. Across the 3 years on record, from June 2022 to June 2024, income grew from $355k to $3.5m (+881%), an average of +213% a year. The sharpest change came in the year to June 2023, when income rose by 562%. Over the whole period it spent 41% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Binghamton Auxiliary Services Corporation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Integrated Science and Asian Culture Academy ($3.5m), University Center of Greenville Inc ($3.5m) and Clay County Educational Foundation Inc ($3.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 22% of the total. Other salaries and wages came to $501k. At year end it held assets of $4.7m against liabilities of $777k, net assets of $4.0m. It reported 31 employees.