Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Hawthorne, 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 $57.9m and spending of $56.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $55.6m to $57.9m (+4.0%), an average of +1.0% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 98% 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 Council for Jewish Elderly ($57.8m), Young Mens Christian Association of Wichita ($58.0m) and Redwood Empire Food Bank ($57.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $747k (1.3% of expenses). Other salaries and wages came to $31.8m. At year end it held assets of $49.4m against liabilities of $17.9m, net assets of $31.5m. It reported 822 employees.