Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Walton, 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 $12.2m and spending of $12.2m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.5m to $12.2m (+5.4%), an average of +1.3% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 102% 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 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include North Fulton Community Charities Inc ($12.2m), McAuley Center Inc ($12.2m) and Ibero-American Action League Inc ($12.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $431k (3.5% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $15.4m against liabilities of $665k, net assets of $14.7m. It reported 219 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.