Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Troy, NY. It received its IRS tax-exemption ruling in October 1972, 54 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 $32.0m and spending of $31.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.9m to $32.0m (+19%), an average of +4.5% a year. The sharpest change came in the year to December 2022, when income rose by 24%. 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 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Hope Hospice and Community Services Inc ($32.0m), Magnolia Manor Inc ($32.1m) and Food Bank of Northeast Georgia Inc ($32.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.8% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $265k (0.8% of expenses). Other salaries and wages came to $20.5m. At year end it held assets of $12.5m against liabilities of $4.5m, net assets of $8.0m. It reported 643 employees.