Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Mellenville, 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 $22.2m and spending of $22.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.0m to $22.2m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 98% 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 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Child & Family Resources Inc ($22.2m), Cascade Pace Inc ($22.3m) and Institute for Latino Progress ($22.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $376k (1.7% of expenses). Other salaries and wages came to $13.6m. At year end it held assets of $10.6m against liabilities of $3.4m, net assets of $7.1m. It reported 478 employees.