Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Brookville, NY. It received its IRS tax-exemption ruling in May 1954, 72 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nysarc Inc reported income of $145.8m and spending of $143.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $127.7m to $145.8m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nysarc Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Cayuga Home for Children ($144.8m), Northern Illinois Food Bank ($147.0m) and Community Eldercare of San Diego ($144.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $2.7m (1.9% of expenses). Other salaries and wages came to $77.7m. At year end it held assets of $164.4m against liabilities of $46.0m, net assets of $118.4m. It reported 2,190 employees.