Quick charity verification for Nysarc Inc (EIN: 141462340)
Verdict: Nysarc Inc appears trustworthy
75/100Mission Score
$29.4MRevenue
$13.5MAssets
2Red Flags
3Strengths
Red Flags
Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation.
Slight operational deficits in recent years (e.g., 2018, 2017) where expenses exceeded revenue, indicating potential reliance on reserves or tight budgeting.
Strengths
Consistent revenue generation, maintaining around $30-34 million annually over eight years.
Regular and consistent filing of IRS 990 forms, demonstrating a commitment to regulatory transparency.
Stable asset base, although showing a gradual decline, it remains substantial relative to liabilities.
Spending Breakdown
How Nysarc Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 141462340) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
Is Nysarc Inc a good charity to donate to?
Nysarc Inc has a Mission Score of 75/100. Revenue: $29.4M. Assets: $13.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nysarc Inc?
The Employer Identification Number (EIN) for Nysarc Inc is 141462340. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Nysarc Inc spend its money?
Nysarc Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nysarc Inc's tax-exempt status?
You can verify Nysarc Inc's tax-exempt status using EIN 141462340 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Nysarc Inc has demonstrated consistent financial activity over the past eight years, with annual revenues hovering around $30-34 million. The organization has generally operated with expenses closely matching or slightly exceeding revenue, as seen in 2018 where expenses were $30,149,515 against revenues of $29,418,022, resulting in a slight deficit. This trend suggests a tight operational budget. The organization's assets have shown a gradual decline from $16,409,503 in 2011 to $13,468,561 in 2018, while liabilities have remained relatively stable, indicating a consistent financial structure. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is reported under different categories, which warrants further investigation for full transparency.
While specific program spending ratios are not provided in the summary data, the consistent revenue and expense levels suggest a stable operational model. The lack of reported officer compensation could be a strength in terms of resource allocation to programs, but it also raises questions about the completeness of compensation disclosures. The organization's financial health appears stable, though the slight deficits in some years indicate a need for careful financial management to avoid long-term erosion of assets. The consistent filing of IRS 990s demonstrates a commitment to regulatory transparency.
Overall, Nysarc Inc appears to be a financially stable organization with consistent operations. However, the absence of reported officer compensation and the slight operational deficits in some years are areas that could benefit from further clarification to fully assess financial health and transparency. A deeper dive into their program spending efficiency would require more detailed expense breakdowns.