Quick charity verification for Nysarc Inc (EIN: 160958020)
Verdict: Nysarc Inc appears trustworthy
92/100Mission Score
$25.8MRevenue
$14.2MAssets
1Red Flags
5Strengths
Red Flags
Unusually low (0%) reported officer compensation for an organization of this size, which might warrant further investigation into how leadership is compensated or structured.
Strengths
Consistent financial stability with revenues closely matching expenses.
Steady growth in assets over the past decade, from $7.2M in 2014 to $13.6M in 2023.
Efficient use of funds, as evidenced by minimal surpluses and tight budget management.
Manageable liabilities relative to assets, indicating a healthy balance sheet.
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: 160958020) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
Is Nysarc Inc a good charity to donate to?
Nysarc Inc has a Mission Score of 92/100. Revenue: $25.8M. Assets: $14.2M. 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 160958020. 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 160958020 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 closely matching expenses across multiple years. For example, in 2023, revenue was $24,354,572 against expenses of $24,351,321, indicating a tight budget management. The organization has shown steady asset growth, from $7,295,775 in 2014 to $13,622,224 in 2023, suggesting financial stability and capacity building over time. Liabilities have remained manageable relative to assets, with a liabilities-to-assets ratio of approximately 25% in 2023 ($3,450,317 / $13,622,224).
The organization's spending efficiency appears strong, as evidenced by the minimal difference between revenue and expenses, implying that most funds are directly utilized for operations rather than accumulating large surpluses. The consistent reporting of 0% for officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than high executive pay. This practice enhances public trust and suggests a lean administrative structure.
Overall, Nysarc Inc exhibits sound financial health with a history of responsible fiscal management. The consistent financial reporting and the absence of officer compensation contribute positively to its transparency profile. The organization's ability to maintain operations with revenues closely aligned to expenses, while also growing its asset base, points to effective resource allocation and a sustainable operational model.