Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Oneonta, 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 $19.1m and spending of $17.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16.5m to $19.1m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 23%. 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 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Saratoga Regional Young Mens Christian Association ($19.1m), Jewish Community Center of Baltimore Inc ($19.1m) and The Washington Center for Internships and Academic Seminars ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.9% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $375k (2.1% of expenses). Other salaries and wages came to $10.8m. At year end it held assets of $10.3m against liabilities of $3.1m, net assets of $7.2m. It reported 361 employees.