Quick charity verification for Nysarc Inc (EIN: 141463735)
Verdict: Nysarc Inc appears trustworthy
90/100Mission Score
$40.9MRevenue
$20.6MAssets
1Red Flags
4Strengths
Red Flags
Consistent reporting of 0% officer compensation for a large organization, which may warrant further investigation into how leadership is compensated if not through direct officer pay.
Strengths
Consistent revenue growth over the past decade, from $24.7M in 2014 to $39.0M in 2023.
Steady growth in assets, from $15.1M in 2014 to $17.9M in 2023, indicating financial stability.
Zero reported officer compensation across all filings, suggesting a strong commitment to mission-focused spending.
Expenses closely track revenue, indicating efficient deployment of funds towards organizational activities.
Spending Breakdown
How Nysarc Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
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: 141463735) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
Is Nysarc Inc a good charity to donate to?
Nysarc Inc has a Mission Score of 90/100. Revenue: $40.9M. Assets: $20.6M. 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 141463735. 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 90% to programs, 7% to administration, and 3% 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 141463735 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 demonstrates consistent financial operations, with revenues generally tracking expenses closely over the past decade. For instance, in 2023, the organization reported revenues of $39,016,624 against expenses of $40,029,961, indicating a slight deficit. This trend of near break-even operations is common for many non-profits, suggesting that funds are being actively deployed towards their mission rather than accumulating large surpluses. The organization's assets have shown steady growth, from $15,152,279 in 2014 to $17,920,724 in 2023, providing a stable financial base.
Spending efficiency appears to be a strong point, as indicated by the consistent deployment of nearly all revenue towards expenses. While specific program, administrative, and fundraising breakdowns are not provided in the summary data, the overall expenditure patterns suggest a focus on operational delivery. The consistent reporting of 0% officer compensation across all filings is a significant indicator of transparency and a commitment to directing funds towards the organization's mission rather than executive enrichment. This practice enhances public trust and suggests a volunteer or very low-paid leadership structure, or that compensation is reported under other categories not specified in the 'Officer Comp' field.
Overall, Nysarc Inc appears to be a financially stable and transparent organization. Its consistent revenue and expense patterns, coupled with growing assets and zero reported officer compensation, paint a picture of a well-managed entity focused on its mission. The slight deficits in some years are not alarming given the overall financial health and asset growth, suggesting strategic deployment of resources.