Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Jamestown, 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 $71.3m and spending of $67.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $63.5m to $71.3m (+12%), an average of +3.0% a year. 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 Commonpoint Ny Inc ($71.3m), Partners in Community Supports Inc ($71.4m) and Ride Connection Inc ($71.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $580k (0.9% of expenses). Other salaries and wages came to $41.3m. At year end it held assets of $43.4m against liabilities of $20.7m, net assets of $22.8m. It reported 1,538 employees.