Nysarc Inc

Analysis

Nysarc Inc is a registered charity in United States, based in Newark, 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 $30.2m and spending of $28.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $28.0m to $30.2m (+7.9%), an average of +1.9% a year. Over the whole period it spent 99% 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 Arc of Montgomery County Inc ($30.2m), Winston County Medical Foundation ($30.2m) and Eder Financial Inc ($30.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $436k (1.5% of expenses). Other salaries and wages came to $16.6m. At year end it held assets of $21.5m against liabilities of $5.3m, net assets of $16.2m. It reported 618 employees.