Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Niagara Falls, 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 $50.5m and spending of $47.4m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $42.9m to $50.5m (+18%), an average of +4.1% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 94% 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 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 SSMHCS Liability Trust Mercantile Bank Ttee ($50.4m), Los Angeles Centers for Alcohol and Drug Abuse ($50.6m) and Nevada H a N D Inc ($50.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $635k (1.3% of expenses). Other salaries and wages came to $15.4m. At year end it held assets of $31.9m against liabilities of $8.1m, net assets of $23.8m. It reported 467 employees.