Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Johnstown, 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 $118.1m and spending of $115.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $88.2m to $118.1m (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 19%. 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 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 Lutheran Social Service of the South Inc ($117.8m), Young Mens Christian Association of Metropolitan Atlanta Inc ($118.2m) and Melwood Horticultural Training Center Inc ($117.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $782k (0.7% of expenses). Other salaries and wages came to $72.2m. At year end it held assets of $73.8m against liabilities of $19.5m, net assets of $54.3m. It reported 2,083 employees.