Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Bohemia, NY. It received its IRS tax-exemption ruling in December 1971, 55 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 $66.5m and spending of $66.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $60.8m to $66.5m (+9.4%), an average of +2.3% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 99% 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 99th 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 98th percentile within NY. Charities of a similar size with the same main cause include Edward Charles Foundation ($66.5m), Clearbrook ($66.7m) and Jewish Community Council of Greater Coney Island Inc ($66.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $856k (1.3% of expenses). Other salaries and wages came to $36.7m. At year end it held assets of $28.8m against liabilities of $14.6m, net assets of $14.2m. It reported 1,096 employees.