Nysarc Inc
Nysarc Inc maintains strong financial health with consistent revenue and asset growth, reporting 0% officer compensation.
EIN: 146020996 · Johnstown, NY · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $123.2M |
| Total Expenses | $115.7M |
| Program Spending | 85% |
| Net Assets | $54.3M |
| Transparency Score | 90/100 |
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 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nysarc Inc
Nysarc Inc (EIN: 146020996) is a nonprofit organization based in Johnstown, NY, classified under NTEE code P820. The organization reported total revenue of $123.2M and total assets of $88.1M 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 major 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 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $118.1M |
| Total Expenses | $115.7M |
| Surplus / Deficit | +$2.4M |
| Total Assets | $73.8M |
| Total Liabilities | $19.5M |
| Net Assets | $54.3M |
| Operating Margin | 2.1% |
| Debt-to-Asset Ratio | 26.5% |
| Months of Reserves | 7.7 months |
Financial Health Grade: A
In 2023, Nysarc Inc reported a surplus of $2.4M with revenue exceeding expenses, holds 7.7 months of operating reserves (strong position), has a debt-to-asset ratio of 26.5% (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 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.3% | -7.9% | +5.9% |
| 2022 | +18.7% | +23.4% | +1.2% |
| 2021 | +14.3% | +11.8% | +14.0% |
| 2020 | +6.5% | +4.2% | +37.1% |
| 2019 | -0.3% | +3.9% | +4.5% |
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 90 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.4M, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.5%.
Executive Compensation Analysis
Nysarc Inc consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, which is highly unusual for an organization of this size and revenue, suggesting a strong commitment to directing funds towards its mission.
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 or 0% officer compensation reported, which may warrant further investigation into how leadership is compensated or structured.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent revenue generation, with recent years exceeding $100 million.
- Significant asset growth, nearly doubling from 2019 to the present.
- Positive net income (revenue exceeding expenses) in most reported periods, indicating financial stability.
- Reported 0% officer compensation across all filings, suggesting a strong focus on mission spending.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Nysarc Inc (EIN: 146020996) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $123.2M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Nysarc Inc spend its money?
Nysarc Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nysarc Inc tax-deductible?
Nysarc Inc is registered as a tax-exempt nonprofit (EIN: 146020996). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nysarc Inc's spending goes to programs?
Nysarc Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nysarc Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Nysarc Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nysarc Inc located?
Nysarc Inc is headquartered in Johnstown, New York and files with the IRS under EIN 146020996. It is classified under NTEE code P820.
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 $123.2M in total revenue.
Is Nysarc Inc a good charity?
Based on the available financial data, Nysarc Inc appears to be a financially sound and well-managed organization. Its consistent revenue, asset growth, and reported 0% officer compensation are positive indicators.
How has Nysarc Inc's financial health changed over time?
Nysarc Inc has shown significant financial growth, with revenue increasing from $88,190,839 in 2019 to $118,119,695 in 2023, and assets nearly doubling from $44,016,488 to $88,104,593 in the same period. This indicates a strong upward trend in financial health.
What is the trend in Nysarc Inc's liabilities?
Nysarc Inc's liabilities have fluctuated but generally remained manageable relative to its assets. For example, in 2023, liabilities were $19,519,464 against assets of $73,794,194, indicating a healthy balance sheet.
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 52.6%, moving from $77.4M to $118.1M. Total assets increased by 126.5% over the same period, from $32.6M to $73.8M. Total functional expenses rose by 51.6%, from $76.3M to $115.7M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $19.5M in liabilities against $73.8M in assets (debt-to-asset ratio: 26.5%), resulting in net assets of $54.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $118.1M | $115.7M | $73.8M | $19.5M | — | View 990 |
| 2022 | $127.4M | $125.6M | $69.7M | $22.0M | — | View 990 |
| 2021 | $107.3M | $101.8M | $68.8M | $22.2M | — | View 990 |
| 2020 | $93.9M | $91.1M | $60.3M | $20.4M | — | View 990 |
| 2019 | $88.2M | $87.4M | $44.0M | $10.8M | — | View 990 |
| 2018 | $88.4M | $84.1M | $42.1M | $11.5M | — | View 990 |
| 2017 | $86.2M | $86.6M | $39.2M | $12.1M | — | View 990 |
| 2016 | $85.6M | $79.9M | $38.8M | $12.1M | — | View 990 |
| 2015 | $88.3M | $88.1M | $40.4M | $19.4M | — | View 990 |
| 2014 | $84.9M | $83.5M | $35.5M | $14.8M | — | View 990 |
| 2013 | $84.0M | $82.8M | $34.5M | $15.5M | — | View 990 |
| 2012 | $82.2M | $81.2M | $35.6M | $18.1M | — | View 990 |
| 2011 | $77.4M | $76.3M | $32.6M | $16.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $118.1M, expenses of $115.7M, and assets of $73.8M (revenue -7.3% year-over-year).
- 2022: Revenue of $127.4M, expenses of $125.6M, and assets of $69.7M (revenue +18.7% year-over-year).
- 2021: Revenue of $107.3M, expenses of $101.8M, and assets of $68.8M (revenue +14.3% year-over-year).
- 2020: Revenue of $93.9M, expenses of $91.1M, and assets of $60.3M (revenue +6.5% year-over-year).
- 2019: Revenue of $88.2M, expenses of $87.4M, and assets of $44.0M (revenue -0.3% year-over-year).
- 2018: Revenue of $88.4M, expenses of $84.1M, and assets of $42.1M (revenue +2.6% year-over-year).
- 2017: Revenue of $86.2M, expenses of $86.6M, and assets of $39.2M (revenue +0.6% year-over-year).
- 2016: Revenue of $85.6M, expenses of $79.9M, and assets of $38.8M (revenue -3.0% year-over-year).
- 2015: Revenue of $88.3M, expenses of $88.1M, and assets of $40.4M (revenue +4.0% year-over-year).
- 2014: Revenue of $84.9M, expenses of $83.5M, and assets of $35.5M (revenue +1.1% year-over-year).
- 2013: Revenue of $84.0M, expenses of $82.8M, and assets of $34.5M (revenue +2.2% year-over-year).
- 2012: Revenue of $82.2M, expenses of $81.2M, and assets of $35.6M (revenue +6.2% year-over-year).
- 2011: Revenue of $77.4M, expenses of $76.3M, and assets of $32.6M.
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.