Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Tupper Lake, 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 $20.4m and spending of $20.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $19.6m to $20.4m (+4.3%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income rose by 23%. 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 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include National Asian Pacific Center on Aging-Napca ($20.4m), Day Care Resources Inc ($20.4m) and Lincoln School ($20.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $477k (2.4% of expenses). Other salaries and wages came to $12.2m. At year end it held assets of $12.6m against liabilities of $4.0m, net assets of $8.6m. It reported 337 employees.