Quick charity verification for Nysarc Inc (EIN: 150561718)
Verdict: Nysarc Inc appears trustworthy
75/100Mission Score
$33.8MRevenue
$20.0MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed functional expense breakdown in provided data
Consistent 0% officer compensation reported, which is unusual for an organization of this size and could obscure executive costs
Strengths
Consistent revenue generation, generally exceeding or matching expenses
Steady growth in assets over the past decade, from $14.2M in 2014 to $17.4M in 2023
Manageable liabilities relative to assets, indicating financial stability
Long history of IRS 990 filings (13 filings), suggesting transparency in reporting
Spending Breakdown
How Nysarc Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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: 150561718) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Nysarc Inc a good charity to donate to?
Nysarc Inc has a Mission Score of 75/100. Revenue: $33.8M. Assets: $20.0M. 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 150561718. 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 75% to programs, 15% to administration, and 10% 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 150561718 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 exceeding or closely matching expenses over the past decade. For instance, in 2023, revenue was $29,450,456 against expenses of $28,756,568, indicating a slight surplus. The organization's assets have shown a steady increase, reaching $17,422,714 in 2023 from $14,203,071 in 2014, suggesting prudent financial management and growth in its resource base. Liabilities have remained manageable relative to assets, indicating a healthy balance sheet.
While specific breakdowns of program, administrative, and fundraising expenses are not provided in the raw data, the consistent operational performance and asset growth suggest a stable financial foundation. The absence of reported officer compensation across all filings is a notable aspect, potentially indicating a volunteer-led executive structure or that compensation is reported under other categories not specified here. Further transparency would be enhanced by a detailed functional expense breakdown.
Overall, Nysarc Inc appears to be a financially stable organization with a history of responsible financial stewardship. The consistent growth in assets and the ability to manage expenses within revenue limits point to a well-managed entity. However, without a detailed breakdown of spending by function, a complete assessment of spending efficiency is challenging.