Nysarc Inc
Nysarc Inc maintains stable operations with consistent revenue and expenses, reporting 0% officer compensation.
EIN: 141485873 · Troy, NY · NTEE: P820 · 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: 141485873) is a nonprofit organization based in Troy, NY, classified under NTEE code P820. The organization reported total revenue of $36.8M and total assets of $14.5M 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 80 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: 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 organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $30 million. This suggests that executive compensation may be reported under different categories, or the organization relies heavily on volunteer leadership, or compensation is paid by a related entity, which warrants further investigation for complete 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:
- Unusually low (0%) reported officer compensation, which may obscure actual executive remuneration if paid through other means or related entities.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent financial stability with revenues generally covering expenses.
- Positive trend in assets, indicating growth and financial health.
- Consistent IRS 990 filing history, demonstrating transparency in reporting.
- Lean operational margins, suggesting funds are primarily directed towards mission-related activities.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 141485873) some concerns. Mission Score: 80/100. 1 red flag 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: 141485873). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nysarc Inc a good charity?
Based on the available data, Nysarc Inc appears to be a financially stable organization with consistent revenue and expenses, and a notable 0% officer compensation reported. This suggests a strong commitment to its mission and efficient use of funds. However, a full assessment would benefit from a detailed breakdown of functional expenses.
How does Nysarc Inc manage its executive compensation?
Nysarc Inc consistently reports 0% officer compensation in its IRS 990 filings. This is highly unusual for an organization of its scale and suggests that executive compensation might be structured differently, such as through a related entity, or that the organization relies on uncompensated leadership. This aspect would require further clarification for complete understanding.
What is Nysarc Inc's financial trend over the past few years?
Nysarc Inc has shown stable financial performance over the past few years. Revenues have fluctuated but generally remained above or close to expenses, for example, $32,043,172 revenue vs. $31,843,428 expenses in 2023. Assets have also shown a positive trend, increasing from $10,882,959 in 2019 to $14,505,688 in the latest period, indicating financial growth and stability.
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 24.2%, moving from $25.8M to $32.0M. Total assets increased by 21.1% over the same period, from $10.4M to $12.5M. Total functional expenses rose by 25.4%, from $25.4M to $31.8M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $200K, with revenue exceeding expenses. The organization holds $4.5M in liabilities against $12.5M in assets (debt-to-asset ratio: 36.3%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $32.0M | $31.8M | $12.5M | $4.5M | — | View 990 |
| 2022 | $35.1M | $34.8M | $12.7M | $4.9M | — | — |
| 2021 | $28.4M | $27.9M | $12.3M | $4.7M | — | View 990 |
| 2020 | $27.4M | $27.4M | $12.7M | $5.7M | — | — |
| 2019 | $26.9M | $27.5M | $10.9M | $3.8M | — | View 990 |
| 2018 | $27.1M | $27.6M | $11.5M | $3.8M | — | View 990 |
| 2017 | $27.3M | $27.4M | $12.8M | $4.5M | — | View 990 |
| 2016 | $28.3M | $27.6M | $13.0M | $4.6M | — | View 990 |
| 2015 | $28.3M | $27.4M | $12.3M | $4.6M | — | View 990 |
| 2014 | $27.0M | $26.6M | $11.3M | $4.5M | — | View 990 |
| 2013 | $26.4M | $26.1M | $10.7M | $4.3M | — | View 990 |
| 2012 | $25.9M | $25.7M | $10.4M | $4.4M | — | View 990 |
| 2011 | $25.8M | $25.4M | $10.4M | $4.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $32.0M, expenses of $31.8M, and assets of $12.5M (revenue -8.7% year-over-year).
- 2022: Revenue of $35.1M, expenses of $34.8M, and assets of $12.7M (revenue +23.7% year-over-year).
- 2021: Revenue of $28.4M, expenses of $27.9M, and assets of $12.3M (revenue +3.7% year-over-year).
- 2020: Revenue of $27.4M, expenses of $27.4M, and assets of $12.7M (revenue +1.8% year-over-year).
- 2019: Revenue of $26.9M, expenses of $27.5M, and assets of $10.9M (revenue -0.7% year-over-year).
- 2018: Revenue of $27.1M, expenses of $27.6M, and assets of $11.5M (revenue -0.8% year-over-year).
- 2017: Revenue of $27.3M, expenses of $27.4M, and assets of $12.8M (revenue -3.6% year-over-year).
- 2016: Revenue of $28.3M, expenses of $27.6M, and assets of $13.0M (revenue +0.1% year-over-year).
- 2015: Revenue of $28.3M, expenses of $27.4M, and assets of $12.3M (revenue +4.9% year-over-year).
- 2014: Revenue of $27.0M, expenses of $26.6M, and assets of $11.3M (revenue +2.0% year-over-year).
- 2013: Revenue of $26.4M, expenses of $26.1M, and assets of $10.7M (revenue +2.2% year-over-year).
- 2012: Revenue of $25.9M, expenses of $25.7M, and assets of $10.4M (revenue +0.2% year-over-year).
- 2011: Revenue of $25.8M, expenses of $25.4M, and assets of $10.4M.
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.