Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Syracuse, 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 $29.5m and spending of $28.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.8m to $29.5m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 99% 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 Cardinal Hayes Home for Children ($29.4m), Central Connecticut Coast Young Mens Christian Association Inc ($29.5m) and Lawrence County Social Services Inc ($29.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $470k (1.6% of expenses). Other salaries and wages came to $16.0m. At year end it held assets of $17.4m against liabilities of $5.8m, net assets of $11.6m. It reported 547 employees.