Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Fulton, 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 $1.3m and spending of $1.3m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.3m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 107% 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 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Crime Victim Advocacy Center of St Louis ($1.3m), Elizabeth Ballard Community Center Inc ($1.3m) and Bais Medrash Mayan Hatorah Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.8% and program service revenue 83% of the total. Other salaries and wages came to $356k. At year end it held assets of $1.4m against liabilities of $407k, net assets of $972k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.