Is Nysarc Inc Legit?

Strengths

Consistent revenue growth, increasing from $14,958,325 in 2014 to $19,112,639 in 2023.
Healthy asset growth, with assets nearly tripling from $3,782,152 in 2014 to $10,266,210 in 2023.
Consistent operating surpluses, indicating sound financial management and sustainability.
Manageable liabilities relative to assets, suggesting good financial control (e.g., $3,073,745 liabilities vs. $10,266,210 assets in 2023).

Spending Breakdown

How Nysarc Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

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: 160953477) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.

Is Nysarc Inc a good charity to donate to?

Nysarc Inc has a Mission Score of 85/100. Revenue: $23.4M. Assets: $10.8M. 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 160953477. 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 160953477 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 a consistent pattern of financial growth and prudent management over the past decade. Revenue has steadily increased from $14,958,325 in 2014 to $19,112,639 in 2023, indicating a growing capacity to fund its mission. The organization consistently operates with a surplus, as seen in 2023 where revenue of $19,112,639 exceeded expenses of $17,766,906, contributing to a healthy growth in assets from $3,782,152 in 2014 to $10,266,210 in 2023. This financial stability suggests a well-managed operation capable of sustaining its programs.

The organization's spending efficiency appears strong, with expenses closely tracking revenue, indicating that funds are being deployed for operations. The consistent growth in assets, coupled with a manageable liabilities-to-assets ratio (e.g., $3,073,745 liabilities against $10,266,210 assets in 2023), points to sound financial health. The absence of reported officer compensation across all available filings is a significant indicator of transparency and a focus on mission-driven spending, as it suggests that leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which warrants further investigation for complete transparency.

Verdict: Nysarc Inc appears trustworthy

Red Flags