Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Oneida, 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 $24.4m and spending of $24.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $23.7m to $24.4m (+2.7%), an average of +0.7% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 98% 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 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 96th percentile within NY. Charities of a similar size with the same main cause include Wellington School ($24.4m), The Arc Northern Chesapeake Region Incorporated ($24.4m) and Cumberland Academy ($24.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $501k (2.1% of expenses). At year end it held assets of $13.6m against liabilities of $3.5m, net assets of $10.2m. It reported 512 employees.