Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Valley Cottage, 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 $41.1m and spending of $39.2m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40.5m to $41.1m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 95% 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 larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Senior Connection Center Inc ($41.1m), Volunteers of America Care Facilities ($41.2m) and Gods Love We Deliver Inc ($41.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $675k (1.7% of expenses). Other salaries and wages came to $24.0m. At year end it held assets of $26.7m against liabilities of $9.3m, net assets of $17.4m. It reported 685 employees.