Auxiliary Services Foundation

Analysis

Auxiliary Services Foundation is a registered charity in United States, based in Memphis, TN. 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 2023, Auxiliary Services Foundation reported income of $11.4m and spending of $14.3m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $11.4m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Auxiliary Services Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include University of Wisconsin Stevens Point Foundation Inc ($11.4m), Discovery Academy of Lake Alfred Inc ($11.4m) and Family Place Dallas Real Estate Inc ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $43k (0.3% of expenses). At year end it held assets of $14.2m against liabilities of $9.2m, net assets of $5.0m.