Nysarc Inc Montgomery County Chapter

Analysis

Nysarc Inc Montgomery County Chapter is a registered charity in United States, based in Amsterdam, 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 Montgomery County Chapter reported income of $51.9m and spending of $51.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45.7m to $51.9m (+13%), an average of +3.2% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nysarc Inc Montgomery County Chapter sits at the 99th 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 98th percentile within NY. Charities of a similar size with the same main cause include Invision Customized Services ($51.9m), Beaumont Retirement Services Inc ($51.9m) and Para Los Ninos ($51.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $338k (0.7% of expenses). Other salaries and wages came to $33.0m. At year end it held assets of $36.5m against liabilities of $11.4m, net assets of $25.2m. It reported 959 employees.