Is Nysarc Inc Legit?

Strengths

Significant and consistent revenue growth from $9.9M in 2019 to $31M in 2023, indicating expanding operations and impact.
Strong asset growth from $9.8M in 2019 to $25.2M in 2023, providing financial stability and capacity.
Consistent positive net income (revenue exceeding expenses) across multiple years, demonstrating sound financial management.
Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($25.2M assets vs. $4.0M liabilities in 2023).

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: 161120089) 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: $47.4M. Assets: $34.2M. 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 161120089. 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 161120089 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 growth and appears to maintain a healthy financial position. Over the past five years, the organization's revenue has significantly increased from $9,953,708 in 2019 to $31,002,375 in 2023, indicating substantial expansion. Expenses have generally tracked revenue, suggesting active program delivery. The organization consistently reports zero officer compensation, which is a notable aspect of its transparency and resource allocation, as it implies that leadership may be volunteer-based or compensated through other means not categorized as 'officer compensation' on the 990, or that the organization's structure does not include paid officers in the traditional sense. This practice, if sustained, can contribute to a higher percentage of funds directly supporting programs.

The organization's assets have also grown considerably, from $9,870,694 in 2019 to $25,211,747 in 2023, outpacing liabilities. This growth in net assets provides a strong financial cushion and indicates good stewardship of resources. The consistent positive difference between revenue and expenses across multiple years, such as $264,812 in 2023 and $1,053,415 in 2022, further reinforces its financial stability. While specific program spending percentages are not provided in the raw data, the overall financial trends suggest a well-managed and growing organization.

Verdict: Nysarc Inc appears trustworthy

Red Flags