Nysarc Inc
Nysarc Inc consistently operates with a financial surplus and reports no officer compensation.
EIN: 141560053 · Queensbury, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $40.9M |
| Total Expenses | $34.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $13.3M |
| Transparency Score | 92/100 |
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: 141560053) is a nonprofit organization based in Queensbury, NY. The organization reported total revenue of $40.9M and total assets of $24.4M 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 7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $35.1M |
| Total Expenses | $34.4M |
| Surplus / Deficit | +$615K |
| Total Assets | $19.8M |
| Total Liabilities | $6.4M |
| Net Assets | $13.3M |
| Operating Margin | 1.8% |
| Debt-to-Asset Ratio | 32.6% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Nysarc Inc reported a surplus of $615K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 32.6% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nysarc Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.7% | -8.5% | +2.2% |
| 2022 | +18.8% | +15.7% | -0.8% |
| 2021 | -2.4% | +0.1% | -1.3% |
| 2020 | -2.4% | -3.7% | +-0.0% |
| 2019 | -3.4% | -2.3% | +8.8% |
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 92 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 surplus of $615K, with revenue exceeding expenses.
- Debt-to-asset ratio: 32.6%.
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 annually. This could indicate that executive leadership is compensated through a related entity or that the organization relies heavily on volunteer executive leadership, significantly enhancing its financial efficiency.
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:
- Unclear executive compensation structure given 0% reported officer compensation for a large organization.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent financial surpluses, indicating strong fiscal management (e.g., $35,060,789 revenue vs. $34,445,513 expenses in 2023).
- Decreasing liabilities over time, improving financial stability (e.g., from $8,257,914 in 2019 to $6,439,337 in 2023).
- No reported officer compensation, suggesting high efficiency in resource allocation.
- Consistent filing of IRS Form 990s, demonstrating transparency and compliance.
- Stable asset base, indicating long-term financial health.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Nysarc Inc (EIN: 141560053) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $40.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Nysarc Inc spend its money?
Nysarc Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Nysarc Inc tax-deductible?
Nysarc Inc is registered as a tax-exempt nonprofit (EIN: 141560053). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nysarc Inc CEO make?
Nysarc Inc's highest-compensated officer earns $30 annually. The organization reported $40.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nysarc Inc's spending goes to programs?
Nysarc Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nysarc Inc located?
Nysarc Inc is headquartered in Queensbury, New York and files with the IRS under EIN 141560053.
How many years of IRS 990 filings does Nysarc Inc have?
Nysarc Inc has 13 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 $40.9M in total revenue.
Is Nysarc Inc a good charity?
Based on the available financial data, Nysarc Inc appears to be a financially stable and efficient charity. It consistently generates surpluses, manages liabilities effectively, and notably reports 0% officer compensation, which suggests a high dedication of funds to its mission.
How has Nysarc Inc's financial health changed over time?
Nysarc Inc has maintained a stable financial position over the past decade. While revenues have fluctuated, they have generally exceeded expenses. Assets have shown a slight upward trend in recent years, and liabilities have consistently decreased, indicating improving financial health and reduced debt.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. For an organization with revenues in the tens of millions, this suggests either that executive leadership is entirely volunteer-based, or that compensation is reported under different categories or through a related entity not detailed in these specific filings. If truly volunteer-based, it represents an exceptional level of efficiency and dedication, allowing more funds to directly support programs.
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 134.9%, moving from $14.9M to $35.1M. Total assets increased by 100.9% over the same period, from $9.8M to $19.8M. Total functional expenses rose by 132.1%, from $14.8M to $34.4M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $615K, with revenue exceeding expenses. The organization holds $6.4M in liabilities against $19.8M in assets (debt-to-asset ratio: 32.6%), resulting in net assets of $13.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $35.1M | $34.4M | $19.8M | $6.4M | — | — |
| 2022 | $38.4M | $37.6M | $19.3M | $6.8M | — | — |
| 2021 | $32.3M | $32.5M | $19.5M | $7.3M | — | View 990 |
| 2020 | $33.1M | $32.5M | $19.7M | $7.5M | — | View 990 |
| 2019 | $33.9M | $33.8M | $19.7M | $8.3M | — | View 990 |
| 2018 | $35.1M | $34.6M | $18.1M | $8.5M | — | View 990 |
| 2017 | $36.4M | $34.4M | $19.0M | $9.9M | — | View 990 |
| 2016 | $38.1M | $35.6M | $20.2M | $12.9M | — | View 990 |
| 2015 | $38.7M | $36.2M | $20.7M | $14.5M | — | View 990 |
| 2014 | $38.1M | $37.6M | $22.4M | $18.6M | — | View 990 |
| 2013 | $14.3M | $14.7M | $20.8M | $18.3M | — | View 990 |
| 2012 | $14.2M | $14.3M | $10.5M | $8.9M | — | View 990 |
| 2011 | $14.9M | $14.8M | $9.8M | $8.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $35.1M, expenses of $34.4M, and assets of $19.8M (revenue -8.7% year-over-year).
- 2022: Revenue of $38.4M, expenses of $37.6M, and assets of $19.3M (revenue +18.8% year-over-year).
- 2021: Revenue of $32.3M, expenses of $32.5M, and assets of $19.5M (revenue -2.4% year-over-year).
- 2020: Revenue of $33.1M, expenses of $32.5M, and assets of $19.7M (revenue -2.4% year-over-year).
- 2019: Revenue of $33.9M, expenses of $33.8M, and assets of $19.7M (revenue -3.4% year-over-year).
- 2018: Revenue of $35.1M, expenses of $34.6M, and assets of $18.1M (revenue -3.7% year-over-year).
- 2017: Revenue of $36.4M, expenses of $34.4M, and assets of $19.0M (revenue -4.3% year-over-year).
- 2016: Revenue of $38.1M, expenses of $35.6M, and assets of $20.2M (revenue -1.8% year-over-year).
- 2015: Revenue of $38.7M, expenses of $36.2M, and assets of $20.7M (revenue +1.7% year-over-year).
- 2014: Revenue of $38.1M, expenses of $37.6M, and assets of $22.4M (revenue +165.4% year-over-year).
- 2013: Revenue of $14.3M, expenses of $14.7M, and assets of $20.8M (revenue +1.4% year-over-year).
- 2012: Revenue of $14.2M, expenses of $14.3M, and assets of $10.5M (revenue -5.2% year-over-year).
- 2011: Revenue of $14.9M, expenses of $14.8M, and assets of $9.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nysarc Inc:
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.