Nysarc Inc
Nysarc Inc consistently operates near break-even with no reported officer compensation.
EIN: 141459277 · Schenectady, NY · 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: 141459277) is a nonprofit organization based in Schenectady, NY. The organization reported total revenue of $29.1M and total assets of $11.0M 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
Nysarc Inc consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with annual revenues around $29 million. This could indicate a volunteer leadership or that executive compensation is categorized differently, requiring further clarification for complete financial transparency.
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:
- Recurring slight operating deficits (e.g., 202312: expenses $29.7M vs. revenue $28.4M)
- Unusual 0% officer compensation reported for an organization of this size, warranting further scrutiny for transparency.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent revenue stream over a decade (approx. $28-34 million annually)
- Healthy asset-to-liability ratio ($11.0M assets vs. $6.0M liabilities in 202312)
- Long history of IRS 990 filings (13 filings), indicating transparency in reporting.
- Stable financial position despite slight operational fluctuations.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 141459277) 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: 141459277). 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 stable charity with consistent revenue and a healthy asset-to-liability ratio. The consistent 0% officer compensation is a unique aspect that could be viewed positively for resource allocation to programs, assuming leadership is adequately compensated through other means or is genuinely volunteer-based. However, the recurring slight operating deficits suggest a need for careful financial management to ensure long-term sustainability.
How does Nysarc Inc fund its operations?
Based on the consistent revenue figures around $28-34 million annually, Nysarc Inc likely relies on a stable funding stream, potentially government grants, service fees, or a broad base of donations. The 990 filings would provide more detailed breakdowns of revenue sources.
What is the trend in Nysarc Inc's financial health?
Nysarc Inc's financial health shows stability in revenue and assets over the past decade. While there are occasional operating deficits (e.g., 202312, 202112), these are generally small relative to total expenses, indicating a near break-even operation. Assets have slightly decreased from a peak of $15.4 million in 201412 to $11.0 million in 202312, but liabilities have also decreased, maintaining a healthy solvency ratio.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation is highly unusual for an organization with annual expenses exceeding $29 million. This could mean that the organization's leadership is entirely volunteer, or that compensation for key executives is reported under other expense categories (e.g., program services, administrative expenses) rather than specifically as 'officer compensation' on the 990 form. Further investigation into the detailed expense schedules of the 990 would be necessary to understand this.
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 declined by 0.9%, moving from $28.7M to $28.5M. Total assets decreased by 29% over the same period, from $15.5M to $11.0M. Total functional expenses rose by 2.6%, from $29.0M to $29.7M. In its most recent filing year (2023), Nysarc Inc reported a deficit of $1.2M, with expenses exceeding revenue. The organization holds $6.1M in liabilities against $11.0M in assets (debt-to-asset ratio: 55.1%), resulting in net assets of $5.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $28.5M | $29.7M | $11.0M | $6.1M | — | — |
| 2022 | $34.3M | $33.7M | $12.6M | $6.5M | — | — |
| 2021 | $29.2M | $29.2M | $13.1M | $7.0M | — | View 990 |
| 2020 | $27.9M | $28.1M | $13.1M | $7.0M | — | — |
| 2019 | $28.6M | $28.8M | $12.8M | $6.6M | — | View 990 |
| 2018 | $29.0M | $28.0M | $11.8M | $5.8M | — | View 990 |
| 2017 | $28.7M | $28.2M | $12.6M | $7.3M | — | — |
| 2016 | $29.7M | $29.6M | $14.0M | $9.3M | — | View 990 |
| 2015 | $30.8M | $30.5M | $14.6M | $10.1M | — | View 990 |
| 2014 | $29.4M | $29.1M | $15.5M | $11.2M | — | View 990 |
| 2013 | $28.5M | $28.5M | $15.0M | $11.1M | — | View 990 |
| 2012 | $28.8M | $29.2M | $15.4M | $11.7M | — | View 990 |
| 2011 | $28.7M | $29.0M | $15.5M | $11.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $28.5M, expenses of $29.7M, and assets of $11.0M (revenue -17.1% year-over-year).
- 2022: Revenue of $34.3M, expenses of $33.7M, and assets of $12.6M (revenue +17.7% year-over-year).
- 2021: Revenue of $29.2M, expenses of $29.2M, and assets of $13.1M (revenue +4.6% year-over-year).
- 2020: Revenue of $27.9M, expenses of $28.1M, and assets of $13.1M (revenue -2.5% year-over-year).
- 2019: Revenue of $28.6M, expenses of $28.8M, and assets of $12.8M (revenue -1.4% year-over-year).
- 2018: Revenue of $29.0M, expenses of $28.0M, and assets of $11.8M (revenue +1.1% year-over-year).
- 2017: Revenue of $28.7M, expenses of $28.2M, and assets of $12.6M (revenue -3.4% year-over-year).
- 2016: Revenue of $29.7M, expenses of $29.6M, and assets of $14.0M (revenue -3.5% year-over-year).
- 2015: Revenue of $30.8M, expenses of $30.5M, and assets of $14.6M (revenue +4.7% year-over-year).
- 2014: Revenue of $29.4M, expenses of $29.1M, and assets of $15.5M (revenue +3.1% year-over-year).
- 2013: Revenue of $28.5M, expenses of $28.5M, and assets of $15.0M (revenue -1.0% year-over-year).
- 2012: Revenue of $28.8M, expenses of $29.2M, and assets of $15.4M (revenue +0.3% year-over-year).
- 2011: Revenue of $28.7M, expenses of $29.0M, and assets of $15.5M.
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.