Is Nysarc Inc Legit?

Nysarc Inc demonstrates a generally stable financial position with consistent revenue growth over the past several years, particularly noting a significant increase from $17.4 million in 2014 to over $50 million in 2023. The organization has consistently reported positive net income in recent years, with 2023 showing revenues of $50,480,442 against expenses of $47,394,928, indicating a surplus. Asset growth has also been substantial, increasing from $8.3 million in 2014 to $31.9 million in 2023, suggesting prudent financial management and reinvestment. However, a notable aspect is the consistent reporting of 0% officer compensation across all available filings. While this might indicate that officers are not compensated directly through the organization's 990 reporting, it warrants further investigation to understand the full compensation structure for key personnel, as it could impact transparency. The organization's liabilities have also increased in proportion to its growth, but remain manageable relative to its assets, with a liability-to-asset ratio of approximately 25% in 2023 ($8,107,130 liabilities / $31,923,825 assets).