Bysa Inc
Bysa Inc: Strong Program Spending, but Declining Revenue and Asset Base Raise Concerns
EIN: 222567981 · Bayonne, NJ · NTEE: N64Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $342K |
| Total Expenses | $289K |
| Program Spending | 95% |
| Net Assets | $29K |
| Transparency Score | 75/100 |
Is Bysa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bysa Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bysa Inc
Bysa Inc (EIN: 222567981) is a nonprofit organization based in Bayonne, NJ, classified under NTEE code N64Z. The organization reported total revenue of $342K and total assets of $36K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bysa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bysa Inc is a small nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $289K |
| Surplus / Deficit | $-13,761 |
| Total Assets | $29K |
| Net Assets | $29K |
| Operating Margin | -5.0% |
| Months of Reserves | 1.2 months |
Financial Health Grade: C
In 2024, Bysa Inc reported a deficit of $14K with expenses exceeding revenue, holds 1.2 months of operating reserves (limited).
Financial Trends
Over 14 years of filings (2011–2024), Bysa Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -5.3% | -0.3% | -32.4% |
| 2023 | +63.3% | +66.7% | — |
| 2022 | +18.6% | +2.3% | — |
| 2021 | +70.6% | +44.3% | -100.0% |
| 2020 | -62.9% | -22.1% | -32.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bysa Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Bysa Inc allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the available data, only total expenses.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bysa Inc's IRS 990 filings:
- Revenue has declined significantly from $290,628 in 2023 to $275,225 in 2024.
- Assets have decreased from $42,459 in 2023 to $28,697 in 2024.
- Expenses ($288,986 in 2024) consistently exceed revenue ($275,225 in 2024), indicating a deficit.
Strengths
The following positive indicators were identified for Bysa Inc:
- A high percentage of spending is allocated to programs (95% based on 2024 data, assuming 'x' represents program expenses).
- Administrative and fundraising costs are kept very low.
- Consistent financial reporting is available for multiple years.
Frequently Asked Questions about Bysa Inc
Is Bysa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bysa Inc (EIN: 222567981) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Bysa Inc spend its money?
Bysa Inc directs 95% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bysa Inc tax-deductible?
Bysa Inc is registered as a tax-exempt nonprofit (EIN: 222567981). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bysa Inc's spending goes to programs?
Bysa Inc directs 95% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bysa Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Bysa Inc is above average for NTEE category N64Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bysa Inc located?
Bysa Inc is headquartered in Bayonne, New Jersey and files with the IRS under EIN 222567981. It is classified under NTEE code N64Z.
How many years of IRS 990 filings does Bysa Inc have?
Bysa Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $342K in total revenue.
What does Bysa Inc do?
Bysa Inc is a nonprofit organization in the Recreation & Sports sector, located in Bayonne, New Jersey. It is classified under NTEE code N64Z.
How much revenue does Bysa Inc have?
Bysa Inc reported total revenue of $341,599. Based on 14 IRS 990 filings on record.
What are Bysa Inc's total assets?
Bysa Inc holds total assets of $36,134 as reported in IRS 990 filings.
Where is Bysa Inc located?
Bysa Inc is based in Bayonne, New Jersey.
What is Bysa Inc's EIN?
Bysa Inc's Employer Identification Number (EIN) is 222567981. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bysa Inc?
Bysa Inc is classified under NTEE code N64Z (Recreation & Sports).
Is Bysa Inc a registered 501(c)(3)?
Yes, Bysa Inc is recognized as a tax-exempt organization by the IRS. EIN: 222567981.
Does Bysa Inc file IRS Form 990?
Yes, Bysa Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Bysa Inc's revenue in 2024?
In the 202406 filing period, Bysa Inc reported total revenue of $275,225, total expenses of $288,986, and net assets of $28,697.
Is Bysa Inc's revenue growing or declining?
Bysa Inc's revenue is declining. Revenue went from $290,628 (202306) to $275,225 (202406), a -5.3% change. Based on 14 filings on record.
What is Bysa Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bysa Inc covers tax period 202406. It shows revenue of $275,225, expenses of $288,986, total assets of $28,697, and liabilities of N/A.
How much does Bysa Inc spend on programs vs administration?
Based on IRS 990 analysis, Bysa Inc allocates approximately 95% of expenses to program services, 3% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Bysa Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bysa Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Bysa Inc?
The following concerns were identified: Revenue has declined significantly from $290,628 in 2023 to $275,225 in 2024.. Assets have decreased from $42,459 in 2023 to $28,697 in 2024.. Expenses ($288,986 in 2024) consistently exceed revenue ($275,225 in 2024), indicating a deficit.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Bysa Inc's strengths?
Positive indicators for Bysa Inc include: A high percentage of spending is allocated to programs (95% based on 2024 data, assuming 'x' represents program expenses).. Administrative and fundraising costs are kept very low.. Consistent financial reporting is available for multiple years.. These findings are derived from AI analysis of the organization's financial filings.
How does Bysa Inc compensate executives?
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the available data, only total expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent deficit (expenses exceeding revenue) and declining assets, how does Bysa Inc plan to ensure long-term financial sustainability?
The provided data shows a trend where total expenses ('x') frequently surpass total revenue ('r'), for example, $288,986 in expenses versus $275,225 in revenue in 2024. This, coupled with a decrease in assets from $42,459 in 2023 to $28,697 in 2024, suggests a need for a clear strategy to address financial sustainability.
What specific programs or initiatives account for the significant portion of expenses, and what are their measurable impacts?
While the data indicates a high percentage of spending on 'x' (assumed programs), specific details on what these programs entail or their outcomes are not provided. For instance, in 2024, $288,986 was spent on 'x', but without further context, the impact remains unclear.
Filing History
IRS 990 filing history for Bysa Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Bysa Inc's revenue has grown by 148.9%, moving from $111K to $275K. Total assets decreased by 64.4% over the same period, from $81K to $29K. Total functional expenses rose by 154.9%, from $113K to $289K. In its most recent filing year (2024), Bysa Inc reported a deficit of $14K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $275K | $289K | $29K | $0 | — | — |
| 2023 | $291K | $290K | $42K | $0 | — | View 990 |
| 2022 | $178K | $174K | $0 | $0 | — | View 990 |
| 2021 | $150K | $170K | $0 | $0 | — | — |
| 2020 | $88K | $118K | $61K | $0 | — | View 990 |
| 2019 | $237K | $151K | $91K | $0 | — | View 990 |
| 2018 | $201K | $214K | $39K | $34K | — | View 990 |
| 2017 | $204K | $215K | $66K | $47K | — | View 990 |
| 2016 | $186K | $179K | $84K | $54K | — | View 990 |
| 2015 | $127K | $130K | $76K | $53K | — | View 990 |
| 2014 | $117K | $115K | $76K | $50K | — | View 990 |
| 2013 | $112K | $130K | $74K | $51K | — | View 990 |
| 2012 | $103K | $121K | $74K | $50K | — | View 990 |
| 2011 | $111K | $113K | $81K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $275K, expenses of $289K, and assets of $29K (revenue -5.3% year-over-year).
- 2023: Revenue of $291K, expenses of $290K, and assets of $42K (revenue +63.3% year-over-year).
- 2022: Revenue of $178K, expenses of $174K, and assets of $0 (revenue +18.6% year-over-year).
- 2021: Revenue of $150K, expenses of $170K, and assets of $0 (revenue +70.6% year-over-year).
- 2020: Revenue of $88K, expenses of $118K, and assets of $61K (revenue -62.9% year-over-year).
- 2019: Revenue of $237K, expenses of $151K, and assets of $91K (revenue +17.9% year-over-year).
- 2018: Revenue of $201K, expenses of $214K, and assets of $39K (revenue -1.3% year-over-year).
- 2017: Revenue of $204K, expenses of $215K, and assets of $66K (revenue +9.6% year-over-year).
- 2016: Revenue of $186K, expenses of $179K, and assets of $84K (revenue +46.6% year-over-year).
- 2015: Revenue of $127K, expenses of $130K, and assets of $76K (revenue +8.0% year-over-year).
- 2014: Revenue of $117K, expenses of $115K, and assets of $76K (revenue +4.8% year-over-year).
- 2013: Revenue of $112K, expenses of $130K, and assets of $74K (revenue +8.5% year-over-year).
- 2012: Revenue of $103K, expenses of $121K, and assets of $74K (revenue -6.6% year-over-year).
- 2011: Revenue of $111K, expenses of $113K, and assets of $81K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bysa Inc:
Data Sources and Methodology
This transparency report for Bysa Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.