Is Nysarc Inc Legit?

Nysarc Inc demonstrates consistent financial health with a positive net income in most recent years. For example, in 2023, revenue was $55,920,464 against expenses of $53,889,070, indicating a surplus. The organization's assets have also shown steady growth, increasing from $20,898,837 in 2014 to $33,584,028 in 2023, suggesting good financial management and capacity building. Liabilities have remained at manageable levels relative to assets, indicating a stable balance sheet. While specific spending breakdowns for program, administrative, and fundraising expenses are not provided in the summary data, the consistent positive net income and asset growth suggest efficient use of resources. The NTEE code P820 (Developmental Disabilities) indicates a clear program focus. The absence of reported officer compensation in the provided data is notable and could imply a volunteer leadership structure or that compensation is reported under other expense categories, which would warrant further investigation for full transparency. Overall, Nysarc Inc appears to be a financially stable organization with a clear mission, as evidenced by its consistent operations and asset growth over a decade. Further detailed analysis of their Form 990 would be needed to fully assess spending efficiency ratios and specific transparency practices beyond the provided summary data.