Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Vestal, NY. It received its IRS tax-exemption ruling in May 1954, 72 years ago. 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 $32.9m and spending of $31.7m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $29.9m to $32.9m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nysarc Inc sits at the 99th 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 Codac Health Recovery and Wellness ($32.9m), Public Library Association of Annapolis and a a Co Inc ($32.9m) and Independent Order of Odd Fellows ($32.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $463k (1.5% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $21.0m against liabilities of $5.5m, net assets of $15.5m. It reported 619 employees.