Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Watkins Glen, 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 $31.0m and spending of $30.7m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.0m to $31.0m (+211%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 96% 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 Arc of Chester County ($31.0m), Aspira Inc of Pennsylvania ($31.0m) and The Savannah Community Foundation Inc ($30.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.0% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $474k (1.5% of expenses). Other salaries and wages came to $19.6m. At year end it held assets of $25.2m against liabilities of $4.1m, net assets of $21.1m. It reported 751 employees.