Nysarc Inc
Nysarc Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 150581298 · Utica, NY · 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: 150581298) is a nonprofit organization based in Utica, NY. The organization reported total revenue of $47.0M and total assets of $35.7M 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.
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: 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
Nysarc Inc reports 0% officer compensation across all provided filings, indicating that no salaries were paid to officers, which is highly unusual for an organization of its size with revenues exceeding $40 million. This suggests either a volunteer leadership model or that compensation is reported under different expense categories, warranting 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:
- 0% officer compensation reported for an organization of this size, which is unusual and may warrant further inquiry into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent revenue growth, from $31,574,208 in 2014 to $42,183,988 in 2023.
- Steady asset accumulation, increasing from $21,990,221 in 2014 to $30,563,291 in 2023.
- Revenues generally exceed expenses, indicating financial stability (e.g., 2023 revenue $42,183,988 vs. expenses $40,133,775).
- No reported officer compensation, suggesting a high dedication of funds to the mission or a volunteer leadership model.
- Consistent IRS 990 filing history, demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 150581298) some concerns. Mission Score: 85/100. 1 red flag identified, 5 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: 150581298). 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 provided data, Nysarc Inc appears to be a financially stable organization with consistent revenue and asset growth, and notably, no reported officer compensation. This suggests a strong commitment to directing funds towards its mission. However, without detailed functional expense breakdowns, a complete assessment of program efficiency is challenging.
How has Nysarc Inc's financial health changed over time?
Nysarc Inc has shown consistent financial growth over the past decade. Revenues have generally increased from $31,574,208 in 2014 to $42,183,988 in 2023, and assets have grown from $21,990,221 to $30,563,291 in the same period, indicating a healthy and expanding financial position.
What is the significance of 0% officer compensation?
The 0% officer compensation reported across all filings is highly significant. It either means the organization's leadership is entirely volunteer-based, or executive compensation is categorized differently within the expense reports. If truly volunteer-led, it's a strong indicator of dedication and efficient use of funds. If compensation is simply reclassified, it could obscure a full understanding of administrative costs.
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 35.1%, moving from $31.2M to $42.2M. Total assets increased by 36.5% over the same period, from $22.4M to $30.6M. Total functional expenses rose by 30.3%, from $30.8M to $40.1M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $2.1M, with revenue exceeding expenses. The organization holds $8.0M in liabilities against $30.6M in assets (debt-to-asset ratio: 26.0%), resulting in net assets of $22.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $42.2M | $40.1M | $30.6M | $8.0M | — | — |
| 2022 | $42.4M | $42.6M | $28.5M | $8.6M | — | View 990 |
| 2021 | $34.7M | $33.2M | $27.6M | $6.8M | — | View 990 |
| 2020 | $33.9M | $32.5M | $25.4M | $6.4M | — | View 990 |
| 2019 | $36.2M | $34.6M | $24.3M | $6.9M | — | View 990 |
| 2018 | $37.2M | $34.2M | $22.7M | $7.4M | — | View 990 |
| 2017 | $33.0M | $32.3M | $20.7M | $8.2M | — | View 990 |
| 2016 | $32.9M | $32.7M | $20.8M | $9.4M | — | View 990 |
| 2015 | $31.9M | $31.5M | $20.4M | $9.3M | — | View 990 |
| 2014 | $31.6M | $31.4M | $22.0M | $11.2M | — | View 990 |
| 2013 | $31.2M | $31.2M | $21.6M | $11.2M | — | View 990 |
| 2012 | $32.0M | $31.5M | $22.1M | $11.8M | — | View 990 |
| 2011 | $31.2M | $30.8M | $22.4M | $12.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $42.2M, expenses of $40.1M, and assets of $30.6M (revenue -0.5% year-over-year).
- 2022: Revenue of $42.4M, expenses of $42.6M, and assets of $28.5M (revenue +22.2% year-over-year).
- 2021: Revenue of $34.7M, expenses of $33.2M, and assets of $27.6M (revenue +2.3% year-over-year).
- 2020: Revenue of $33.9M, expenses of $32.5M, and assets of $25.4M (revenue -6.2% year-over-year).
- 2019: Revenue of $36.2M, expenses of $34.6M, and assets of $24.3M (revenue -2.7% year-over-year).
- 2018: Revenue of $37.2M, expenses of $34.2M, and assets of $22.7M (revenue +12.6% year-over-year).
- 2017: Revenue of $33.0M, expenses of $32.3M, and assets of $20.7M (revenue +0.2% year-over-year).
- 2016: Revenue of $32.9M, expenses of $32.7M, and assets of $20.8M (revenue +3.1% year-over-year).
- 2015: Revenue of $31.9M, expenses of $31.5M, and assets of $20.4M (revenue +1.1% year-over-year).
- 2014: Revenue of $31.6M, expenses of $31.4M, and assets of $22.0M (revenue +1.3% year-over-year).
- 2013: Revenue of $31.2M, expenses of $31.2M, and assets of $21.6M (revenue -2.5% year-over-year).
- 2012: Revenue of $32.0M, expenses of $31.5M, and assets of $22.1M (revenue +2.4% year-over-year).
- 2011: Revenue of $31.2M, expenses of $30.8M, and assets of $22.4M.
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.