Nysarc Inc
Nysarc Inc. consistently operates near break-even with declining assets and no reported officer compensation.
EIN: 141465932 · Ballston Spa, 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 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nysarc Inc
Nysarc Inc (EIN: 141465932) is a nonprofit organization based in Ballston Spa, NY, classified under NTEE code P82Z. The organization reported total revenue of $26.8M and total assets of $16.7M 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.
Organization Overview
Nysarc Inc is a large nonprofit that has been operating for 72 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $24.4M |
| Total Expenses | $25.3M |
| Surplus / Deficit | $-819,830 |
| Total Assets | $14.9M |
| Total Liabilities | $8.8M |
| Net Assets | $6.0M |
| Operating Margin | -3.4% |
| Debt-to-Asset Ratio | 59.4% |
| Months of Reserves | 7.1 months |
Financial Health Grade: C
In 2023, Nysarc Inc reported a deficit of $820K with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 59.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nysarc Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.5% | -8.8% | -1.9% |
| 2022 | +16.4% | +15.6% | -7.0% |
| 2021 | -3.7% | -0.9% | -9.4% |
| 2020 | -8.6% | -7.0% | -1.6% |
| 2019 | -2.3% | -2.8% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1954 |
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 Nysarc Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Nysarc Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $820K, with expenses exceeding revenue.
- Debt-to-asset ratio: 59.4%.
Executive Compensation Analysis
The IRS 990 filings for Nysarc Inc. consistently report 0% officer compensation across all available periods, which is highly unusual for an organization of its size ($24M+ annual revenue) and suggests either a fully volunteer executive leadership or that executive compensation is reported under other expense categories, requiring further scrutiny for full 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:
- Consistent minor operating deficits (expenses exceeding revenue) in recent years (e.g., 2023, 2022, 2021, 2020, 2018, 2017)
- Unexplained consistent decline in total assets from $20.7M in 2014 to $14.8M in 2023
- 0% reported officer compensation across all filings, which is highly unusual for an organization of this size and warrants further investigation into executive remuneration practices.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent regulatory compliance with 13 IRS 990 filings over the past decade.
- Strong operational focus, with revenues largely utilized for expenses, indicating direct application of funds to mission.
- Stable revenue generation, consistently around $23-27 million annually over the past decade, demonstrating resilience.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 141465932) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Nysarc Inc spend its money?
Nysarc Inc directs 90% 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: 141465932). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Nysarc Inc. manage to operate with no reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings for an organization with over $24 million in annual revenue is highly unusual. This could indicate a fully volunteer executive leadership, or that executive compensation is categorized under other expense lines (e.g., 'salaries and wages' for non-officer staff, or management fees paid to a related entity), which would require reviewing the full Form 990 for detailed functional expense breakdowns to understand.
What is the reason for the consistent decline in assets from $20.7M in 2014 to $14.8M in 2023?
The decline in assets could be due to several factors, including depreciation of fixed assets, strategic divestment of properties or investments, or using reserves to cover operating deficits. Without access to the full balance sheets and statements of cash flow, it's difficult to pinpoint the exact cause, but it suggests a shrinking organizational footprint or a shift in asset management strategy.
Are the minor operating deficits (expenses exceeding revenue) sustainable long-term?
While the deficits are minor (e.g., $819,830 in 2023 on $24.4M revenue), a consistent trend of expenses slightly exceeding revenue can erode an organization's reserves over time, especially when coupled with declining assets. This pattern warrants monitoring to ensure long-term financial stability and sustainability.
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 5.5%, moving from $25.9M to $24.4M. Total assets decreased by 29% over the same period, from $20.9M to $14.9M. Total functional expenses fell by 1.2%, from $25.6M to $25.3M. In its most recent filing year (2023), Nysarc Inc reported a deficit of $820K, with expenses exceeding revenue. The organization holds $8.8M in liabilities against $14.9M in assets (debt-to-asset ratio: 59.4%), resulting in net assets of $6.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $24.4M | $25.3M | $14.9M | $8.8M | — | — |
| 2022 | $26.7M | $27.7M | $15.1M | $8.5M | — | View 990 |
| 2021 | $22.9M | $23.9M | $16.3M | $8.6M | — | View 990 |
| 2020 | $23.8M | $24.2M | $18.0M | $9.7M | — | View 990 |
| 2019 | $26.1M | $26.0M | $18.3M | $9.9M | — | View 990 |
| 2018 | $26.7M | $26.7M | $17.8M | $9.6M | — | View 990 |
| 2017 | $25.9M | $26.0M | $18.4M | $10.1M | — | View 990 |
| 2016 | $26.6M | $26.2M | $19.0M | $9.9M | — | View 990 |
| 2015 | $27.6M | $27.2M | $20.2M | $11.4M | — | View 990 |
| 2014 | $27.1M | $27.0M | $20.8M | $12.4M | — | View 990 |
| 2013 | $27.2M | $26.4M | $21.1M | $12.7M | — | View 990 |
| 2012 | $26.0M | $25.1M | $20.6M | $12.9M | — | View 990 |
| 2011 | $25.9M | $25.6M | $20.9M | $14.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $24.4M, expenses of $25.3M, and assets of $14.9M (revenue -8.5% year-over-year).
- 2022: Revenue of $26.7M, expenses of $27.7M, and assets of $15.1M (revenue +16.4% year-over-year).
- 2021: Revenue of $22.9M, expenses of $23.9M, and assets of $16.3M (revenue -3.7% year-over-year).
- 2020: Revenue of $23.8M, expenses of $24.2M, and assets of $18.0M (revenue -8.6% year-over-year).
- 2019: Revenue of $26.1M, expenses of $26.0M, and assets of $18.3M (revenue -2.3% year-over-year).
- 2018: Revenue of $26.7M, expenses of $26.7M, and assets of $17.8M (revenue +3.1% year-over-year).
- 2017: Revenue of $25.9M, expenses of $26.0M, and assets of $18.4M (revenue -2.7% year-over-year).
- 2016: Revenue of $26.6M, expenses of $26.2M, and assets of $19.0M (revenue -3.7% year-over-year).
- 2015: Revenue of $27.6M, expenses of $27.2M, and assets of $20.2M (revenue +1.7% year-over-year).
- 2014: Revenue of $27.1M, expenses of $27.0M, and assets of $20.8M (revenue -0.3% year-over-year).
- 2013: Revenue of $27.2M, expenses of $26.4M, and assets of $21.1M (revenue +4.8% year-over-year).
- 2012: Revenue of $26.0M, expenses of $25.1M, and assets of $20.6M (revenue +0.3% year-over-year).
- 2011: Revenue of $25.9M, expenses of $25.6M, and assets of $20.9M.
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.