Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in New York, 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 June 2023, Nysarc Inc reported income of $308.1m and spending of $311.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $287.4m to $308.1m (+7.2%), an average of +1.8% a year. Over the whole period it spent 101% 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 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Resources for Human Development Inc ($307.6m), Northeast Pennsylvania Center for Independent Living ($317.9m) and L C Ind Inc ($295.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.3% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.6m (0.5% of expenses). Other salaries and wages came to $155.1m. At year end it held assets of $205.2m against liabilities of $190.7m, net assets of $14.5m. It reported 4,956 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.