Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Herkimer, 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 $28.8m and spending of $27.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $26.8m to $28.8m (+7.3%), an average of +1.8% a year. The sharpest change came in the year to December 2022, when income rose by 17%. Over the whole period it spent 97% 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 97th percentile within NY. Charities of a similar size with the same main cause include The Safe Alliance ($28.7m), LA Vida Llena ($28.8m) and Centenary College of Louisiana ($28.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $775k (2.8% of expenses). Other salaries and wages came to $15.7m. At year end it held assets of $21.8m against liabilities of $8.0m, net assets of $13.8m. It reported 538 employees.