Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Latham, 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 May 2023, Nysarc Inc reported income of $10.0m and spending of $10.6m, spending 107% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $9.9m to $10.0m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to May 2021, when income rose by 27%. Over the whole period it spent 94% 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 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Hospice of Laurens County Inc ($10.0m), Helping Hand Home for Children ($10.0m) and Mission Edge San Diego ($10.0m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 56% of the total. Compensation of current officers, directors and key employees was $817k (7.7% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $27.8m against liabilities of $17.4m, net assets of $10.3m. It reported 83 employees.