Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Port Henry, 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 $47.2m and spending of $48.3m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $41.5m to $47.2m (+14%), an average of +3.3% a year. 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 99th percentile: it is larger than about 99% of them. 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 Ena Incorporated ($47.2m), Wayfinder Family Services ($47.3m) and Friendship Village of South County ($47.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $482k (1.0% of expenses). Other salaries and wages came to $29.6m. At year end it held assets of $35.0m against liabilities of $6.9m, net assets of $28.1m. It reported 855 employees.