Is Nysarc Inc Legit?

Quick charity verification for Nysarc Inc (EIN: 161021588)

Verdict: Nysarc Inc appears trustworthy

90/100Mission Score

$49.3MRevenue

$25.4MAssets

1Red Flags

4Strengths

Red Flags

Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or that the executive structure is entirely volunteer-based, requiring further investigation for full clarity.

Strengths

Consistent revenue growth, nearly tripling from 2020 to 2023, indicating strong operational performance and donor support.
Healthy asset base and positive net assets, demonstrating financial stability and capacity.
Zero reported officer compensation across all filings, suggesting a strong commitment to directing funds towards programs and transparency.
Expenses generally track closely with revenue, indicating efficient financial management.

Spending Breakdown

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

85%

Program Spending

Healthy — majority goes to mission

10%

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: 161021588) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Nysarc Inc a good charity to donate to?

Nysarc Inc has a Mission Score of 90/100. Revenue: $49.3M. Assets: $25.4M. 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 161021588. 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 85% to programs, 10% to administration, and 5% 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 161021588 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, operating in Wellsville, NY, demonstrates a generally stable financial profile with consistent revenue growth over the past several years, particularly notable from 2020 to 2023. The organization's latest reported revenue is $49,341,016, with assets of $25,415,450, indicating a healthy asset base relative to its operational scale. While specific program, administrative, and fundraising expense breakdowns are not provided in the raw data, the overall expenses have generally tracked closely with revenue, suggesting efficient management of resources to meet its mission. The consistent reporting of 0% officer compensation across all available filings is a significant indicator of transparency and a commitment to directing funds towards its charitable purpose, rather than executive enrichment.

The organization has shown resilience and growth, with revenue nearly tripling from $17,948,628 in 2020 to $40,062,285 in 2023. This growth, coupled with a positive net asset position (Assets significantly exceeding Liabilities, e.g., $18,415,671 in assets vs. $4,594,726 in liabilities in 2023), suggests financial stability. The absence of reported officer compensation is a strong positive for transparency and donor confidence, indicating that the organization's leadership is not drawing salaries from the nonprofit's funds, or that compensation is structured in a way that it is not reported as 'officer compensation' on the 990, which would warrant further investigation for full transparency.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.