Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Beacon, NY. It received its IRS tax-exemption ruling in October 1972, 54 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 $137k and spending of $160k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $302k to $137k (-55%), an average of -18% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 91% 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 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 Unfettered Mind ($137k), Channels of Love Ministries Inc ($137k) and V O T Inc ($137k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $39k (24% of expenses). Other salaries and wages came to $27k. At year end it held assets of $746k against liabilities of $99k, net assets of $647k. It reported 7 employees.