Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Kingston, 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 $89.7m and spending of $87.0m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $73.0m to $89.7m (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 100% 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 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Dismas Charities Inc ($89.6m), Pioneer Human Services ($89.9m) and Aspire Living & Learning Inc ($89.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.3m (1.5% of expenses). Other salaries and wages came to $51.7m. At year end it held assets of $58.6m against liabilities of $24.1m, net assets of $34.6m. It reported 1,538 employees.