Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Bath, 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 $40.1m and spending of $38.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $17.8m to $40.1m (+126%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 99% 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 larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Cradles to Crayons Inc ($40.1m), Benevolent Corporation Cedar Community ($40.1m) and Childrens Services of Roxbury Inc ($40.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $348k (0.9% of expenses). Other salaries and wages came to $21.1m. At year end it held assets of $18.4m against liabilities of $4.6m, net assets of $13.8m. It reported 1,047 employees.