Is Nysarc Inc Legit?

Quick charity verification for Nysarc Inc (EIN: 141459277)

Verdict: Nysarc Inc appears trustworthy

75/100Mission Score
$29.1MRevenue
$11.0MAssets
2Red Flags
4Strengths

Red Flags

Strengths

AI Transparency Report

Nysarc Inc demonstrates consistent financial activity, with revenues and expenses generally in the range of $28-34 million over the past decade. In the latest filing (202312), the organization reported revenues of $28,462,945 against expenses of $29,702,567, indicating a slight operating deficit for the period. This trend of expenses occasionally exceeding revenue is observed in several years, such as 202112 and 202012, suggesting a tight operational margin. The organization maintains a healthy asset base, with $11,031,223 in assets against $6,074,224 in liabilities in 202312, indicating good solvency. A notable aspect is the consistent reporting of 0% officer compensation across all available filings, which suggests either a volunteer leadership structure or that compensation is reported under other expense categories, warranting further investigation for full transparency. Overall, Nysarc Inc appears to be a stable organization with consistent funding, but its operational efficiency could be scrutinized given the recurring slight deficits.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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