Nysarc Inc
Nysarc Inc shows consistent revenue and asset growth, with recent expenses slightly exceeding revenue and no reported officer compensation.
EIN: 135678837 · Latham, NY · NTEE: P82Z · Updated: 2026-03-28
Is Nysarc Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nysarc Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nysarc Inc
Nysarc Inc (EIN: 135678837) is a nonprofit organization based in Latham, NY, classified under NTEE code P82Z. The organization reported total revenue of $10.8M and total assets of $30.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nysarc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nysarc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nysarc Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization with annual revenues approaching $10 million and assets over $27 million. While this could indicate exceptional efficiency or a volunteer-led executive team, it also suggests that executive compensation might be reported under different categories or is not being disclosed in the standard manner on Part VII of the Form 990, which could be a transparency concern.
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 Nysarc Inc's IRS 990 filings:
- Consistent 0% officer compensation reported on 990s for an organization of this size, which is unusual and may indicate incomplete compensation transparency or unique operational structure.
- Expenses ($10,645,175) exceeded revenue ($9,976,594) in the most recent 202305 filing period, indicating a deficit for that year.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent revenue generation over a long period, demonstrating financial stability.
- Significant asset growth from $9,596,131 in 201405 to $27,766,342 in 202305, indicating strong financial management and accumulation.
- Generally stable financial health with revenues often exceeding or closely matching expenses in most years.
- Long filing history (13 filings) indicates consistent compliance and transparency in reporting to the IRS.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 135678837) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Nysarc Inc spend its money?
Nysarc Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nysarc Inc tax-deductible?
Nysarc Inc is registered as a tax-exempt nonprofit (EIN: 135678837). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nysarc Inc a good charity?
Nysarc Inc appears to be a financially stable organization with a long history of operations and significant asset growth. Its consistent revenue generation and low reported administrative costs (implied by 0% officer compensation) suggest a focus on its mission. However, the lack of reported officer compensation on the 990s is an unusual data point for an organization of this size and could warrant further investigation into how leadership is compensated or structured.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% for officer compensation across all available filings is highly unusual for an organization with annual revenues of nearly $10 million. This could mean that executive leadership is entirely volunteer-based, compensation is reported under different expense categories (e.g., program services if executives also provide direct services), or there's a specific reporting nuance not immediately apparent from the summary data. It's a point that could benefit from clarification directly from the organization.
What caused the expense increase in 202305, leading to expenses exceeding revenue?
In the 202305 period, Nysarc Inc reported expenses of $10,645,175 against revenues of $9,976,594, resulting in a deficit for that year. This is a shift from previous years where revenue often exceeded expenses. The specific causes for this increase in expenses or decrease in revenue would require a deeper dive into the detailed financial statements within the 990 filing for that period, potentially related to program expansion, increased operational costs, or one-time expenditures.
Filing History
IRS 990 filing history for Nysarc Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nysarc Inc's revenue has grown by 36.6%, moving from $7.3M to $10.0M. Total assets increased by 416.8% over the same period, from $5.4M to $27.8M. Total functional expenses rose by 64.5%, from $6.5M to $10.6M. In its most recent filing year (2023), Nysarc Inc reported a deficit of $669K, with expenses exceeding revenue. The organization holds $17.4M in liabilities against $27.8M in assets (debt-to-asset ratio: 62.8%), resulting in net assets of $10.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $10.6M | $27.8M | $17.4M | — | View 990 |
| 2022 | $11.0M | $9.7M | $28.7M | $17.2M | — | View 990 |
| 2021 | $12.8M | $12.1M | $25.2M | $14.3M | — | View 990 |
| 2020 | $10.1M | $9.1M | $22.2M | $13.4M | — | View 990 |
| 2019 | $9.9M | $9.1M | $16.8M | $9.3M | — | View 990 |
| 2018 | $9.9M | $8.9M | $17.8M | $11.3M | — | View 990 |
| 2017 | $9.9M | $9.6M | $10.5M | $5.1M | — | View 990 |
| 2016 | $9.3M | $9.2M | $9.3M | $4.4M | — | View 990 |
| 2015 | $8.8M | $8.7M | $9.9M | $5.0M | — | View 990 |
| 2014 | $9.0M | $8.8M | $9.6M | $4.9M | — | View 990 |
| 2013 | $8.8M | $8.3M | $7.8M | $3.5M | — | View 990 |
| 2012 | $8.0M | $7.3M | $6.6M | $2.9M | — | View 990 |
| 2011 | $7.3M | $6.5M | $5.4M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $10.6M, and assets of $27.8M (revenue -9.5% year-over-year).
- 2022: Revenue of $11.0M, expenses of $9.7M, and assets of $28.7M (revenue -14.1% year-over-year).
- 2021: Revenue of $12.8M, expenses of $12.1M, and assets of $25.2M (revenue +27.1% year-over-year).
- 2020: Revenue of $10.1M, expenses of $9.1M, and assets of $22.2M (revenue +1.6% year-over-year).
- 2019: Revenue of $9.9M, expenses of $9.1M, and assets of $16.8M (revenue +0.7% year-over-year).
- 2018: Revenue of $9.9M, expenses of $8.9M, and assets of $17.8M (revenue -0.6% year-over-year).
- 2017: Revenue of $9.9M, expenses of $9.6M, and assets of $10.5M (revenue +7.0% year-over-year).
- 2016: Revenue of $9.3M, expenses of $9.2M, and assets of $9.3M (revenue +5.3% year-over-year).
- 2015: Revenue of $8.8M, expenses of $8.7M, and assets of $9.9M (revenue -2.1% year-over-year).
- 2014: Revenue of $9.0M, expenses of $8.8M, and assets of $9.6M (revenue +2.4% year-over-year).
- 2013: Revenue of $8.8M, expenses of $8.3M, and assets of $7.8M (revenue +9.3% year-over-year).
- 2012: Revenue of $8.0M, expenses of $7.3M, and assets of $6.6M (revenue +10.1% year-over-year).
- 2011: Revenue of $7.3M, expenses of $6.5M, and assets of $5.4M.
Data Sources and Methodology
This transparency report for Nysarc 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.