Nysarc Inc
Nysarc Inc maintains stable finances with consistent revenue and asset growth over the past decade.
EIN: 150561718 · Syracuse, NY · NTEE: P820 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $33.8M |
| Total Expenses | $28.8M |
| Program Spending | 75% |
| Net Assets | $11.6M |
| Transparency Score | 75/100 |
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 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nysarc Inc
Nysarc Inc (EIN: 150561718) is a nonprofit organization based in Syracuse, NY, classified under NTEE code P820. The organization reported total revenue of $33.8M and total assets of $20.0M 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.
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 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $29.5M |
| Total Expenses | $28.8M |
| Surplus / Deficit | +$694K |
| Total Assets | $17.4M |
| Total Liabilities | $5.8M |
| Net Assets | $11.6M |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 33.5% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Nysarc Inc reported a surplus of $694K with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 33.5% (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 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.7% | -4.4% | +4.2% |
| 2022 | +31.2% | +32.0% | -1.2% |
| 2021 | -5.7% | +1.3% | -1.8% |
| 2020 | -10.6% | -17.5% | +7.7% |
| 2019 | -0.1% | +3.5% | +9.1% |
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 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Nysarc Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $694K, with revenue exceeding expenses.
- Debt-to-asset ratio: 33.5%.
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 in the tens of millions. This could indicate a volunteer executive leadership or that compensation is categorized differently, warranting further investigation 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:
- Lack of detailed functional expense breakdown in provided data
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could obscure executive costs
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent revenue generation, generally exceeding or matching expenses
- Steady growth in assets over the past decade, from $14.2M in 2014 to $17.4M in 2023
- Manageable liabilities relative to assets, indicating financial stability
- Long history of IRS 990 filings (13 filings), suggesting transparency in reporting
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Nysarc Inc (EIN: 150561718) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $33.8M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Nysarc Inc spend its money?
Nysarc Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Nysarc Inc tax-deductible?
Nysarc Inc is registered as a tax-exempt nonprofit (EIN: 150561718). 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 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nysarc Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), 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 Syracuse, New York and files with the IRS under EIN 150561718. 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 $33.8M in total revenue.
Is Nysarc Inc a good charity?
Based on its financial stability, consistent asset growth, and generally balanced revenues and expenses, Nysarc Inc appears to be a well-managed organization. However, a detailed breakdown of program spending versus administrative and fundraising costs would provide a clearer picture of its efficiency and direct impact.
How has Nysarc Inc's financial health changed over the last 10 years?
Nysarc Inc has demonstrated consistent financial health over the last decade. Its assets have grown from $14,203,071 in 2014 to $17,422,714 in 2023, and revenues have generally kept pace with or exceeded expenses, indicating stable operations and growth.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization with annual revenues exceeding $20 million. It could imply a volunteer-based executive leadership, or that executive compensation is reported under other expense categories, which would impact transparency regarding leadership costs.
Are Nysarc Inc's liabilities manageable?
Yes, Nysarc Inc's liabilities appear manageable. In 2023, liabilities were $5,839,247 against assets of $17,422,714, indicating a healthy asset-to-liability ratio. This trend is consistent across the filing history.
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 1.4%, moving from $29.0M to $29.5M. Total assets increased by 17.7% over the same period, from $14.8M to $17.4M. Total functional expenses rose by 3.8%, from $27.7M to $28.8M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $694K, with revenue exceeding expenses. The organization holds $5.8M in liabilities against $17.4M in assets (debt-to-asset ratio: 33.5%), resulting in net assets of $11.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $29.5M | $28.8M | $17.4M | $5.8M | — | — |
| 2022 | $29.7M | $30.1M | $16.7M | $6.1M | — | — |
| 2021 | $22.6M | $22.8M | $16.9M | $5.4M | — | View 990 |
| 2020 | $24.0M | $22.5M | $17.2M | $5.8M | — | — |
| 2019 | $26.8M | $27.3M | $16.0M | $6.1M | — | View 990 |
| 2018 | $26.8M | $26.3M | $14.7M | $4.6M | — | View 990 |
| 2017 | $26.2M | $26.2M | $14.6M | $4.8M | — | View 990 |
| 2016 | $25.9M | $25.5M | $14.7M | $5.2M | — | View 990 |
| 2015 | $26.2M | $26.2M | $15.5M | $6.4M | — | View 990 |
| 2014 | $25.7M | $26.0M | $14.2M | $5.1M | — | View 990 |
| 2013 | $26.9M | $26.6M | $14.1M | $4.8M | — | View 990 |
| 2012 | $27.8M | $27.5M | $14.7M | $5.7M | — | View 990 |
| 2011 | $29.0M | $27.7M | $14.8M | $6.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $29.5M, expenses of $28.8M, and assets of $17.4M (revenue -0.7% year-over-year).
- 2022: Revenue of $29.7M, expenses of $30.1M, and assets of $16.7M (revenue +31.2% year-over-year).
- 2021: Revenue of $22.6M, expenses of $22.8M, and assets of $16.9M (revenue -5.7% year-over-year).
- 2020: Revenue of $24.0M, expenses of $22.5M, and assets of $17.2M (revenue -10.6% year-over-year).
- 2019: Revenue of $26.8M, expenses of $27.3M, and assets of $16.0M (revenue -0.1% year-over-year).
- 2018: Revenue of $26.8M, expenses of $26.3M, and assets of $14.7M (revenue +2.3% year-over-year).
- 2017: Revenue of $26.2M, expenses of $26.2M, and assets of $14.6M (revenue +1.4% year-over-year).
- 2016: Revenue of $25.9M, expenses of $25.5M, and assets of $14.7M (revenue -1.4% year-over-year).
- 2015: Revenue of $26.2M, expenses of $26.2M, and assets of $15.5M (revenue +1.9% year-over-year).
- 2014: Revenue of $25.7M, expenses of $26.0M, and assets of $14.2M (revenue -4.3% year-over-year).
- 2013: Revenue of $26.9M, expenses of $26.6M, and assets of $14.1M (revenue -3.1% year-over-year).
- 2012: Revenue of $27.8M, expenses of $27.5M, and assets of $14.7M (revenue -4.4% year-over-year).
- 2011: Revenue of $29.0M, expenses of $27.7M, and assets of $14.8M.
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.