Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Williamsville, 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 $55.9m and spending of $53.9m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $48.0m to $55.9m (+17%), an average of +3.9% 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 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 Area Agency on Aging ($55.7m), Iri Innovative Resources for Independence Inc ($56.1m) and Community Partnership for Children Inc ($55.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $706k (1.3% of expenses). Other salaries and wages came to $34.8m. At year end it held assets of $33.6m against liabilities of $8.9m, net assets of $24.7m. It reported 1,279 employees.