Nysha Inc

Analysis

Nysha Inc is a registered charity in United States, based in Monroe, NY. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2021, Nysha Inc reported income of $5.7m and spending of $2.3m, leaving 60% of income unspent that year. Across the 4 years on record, from June 2019 to December 2021, income fell from $7.1m to $5.7m (-20%), an average of -7.3% a year. The sharpest change came in the year to June 2021, when income rose by 284%. Over the whole period it spent 22% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nysha Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Northwest Side Community Development Corporation ($5.7m), Able Solutions Inc ($5.7m) and Teamwork Englewood ($5.6m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 16% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $129k (5.7% of expenses). Other salaries and wages came to $466k. At year end it held assets of $58.0m against liabilities of $8.3m, net assets of $49.7m. It reported 69 employees.