Nysarc Trust-Exempt Trust

Analysis

Nysarc Trust-Exempt Trust is a registered charity in United States, based in Latham, NY. It received its IRS tax-exemption ruling in December 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nysarc Trust-Exempt Trust reported income of $137k and spending of $85k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $55k to $137k (+148%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 480%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nysarc Trust-Exempt Trust sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Greater Hansville Community Center ($137k), Missionaries of the Sacred Heart Inc ($137k) and Frothingham Free Library ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.