Nysarc Inc

Nysarc Inc consistently maintains operational surpluses and significant asset growth over the past decade.

EIN: 150619307 · Binghamton, NY · Updated: 2026-03-28

$35.3MRevenue

$23.6MAssets

85/100Mission Score (Excellent)

About Nysarc Inc

Nysarc Inc (EIN: 150619307) is a nonprofit organization based in Binghamton, NY. The organization reported total revenue of $35.3M and total assets of $23.6M 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

Nysarc Inc demonstrates consistent financial operations with revenues generally exceeding expenses, contributing to a steady growth in assets over the past decade. For instance, in 2023, revenue was $32,881,114 against expenses of $31,694,664, resulting in a surplus. The organization's assets have grown significantly from $6,996,748 in 2014 to $21,030,065 in 2023, indicating sound financial management and accumulation of resources. The liabilities, while increasing, remain a manageable proportion of assets, suggesting a healthy balance sheet.

Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment is challenging. However, the consistent operational surpluses suggest that the organization is generally efficient in managing its overall expenditures relative to its income. The absence of reported officer compensation across all filings is a notable point regarding executive remuneration, potentially indicating a volunteer-led executive structure or that compensation is reported under other categories, which would require further investigation for full transparency. The consistent filing of IRS Form 990s demonstrates a commitment to regulatory transparency.

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

The IRS 990 filings consistently report 0% officer compensation, which is unusual for an organization of this size ($32.8 million in revenue in 2023) and suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within the expense structure, warranting further inquiry 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:

Unclear executive compensation reporting (0% reported for all years, despite significant revenue)

Strengths

The following positive indicators were identified for Nysarc Inc:

Consistent operational surpluses (e.g., $1,186,450 surplus in 2023)
Significant asset growth over the past decade (from $6.9M in 2014 to $21M in 2023)
Regular and timely IRS 990 filings demonstrating transparency
Revenue consistently exceeding expenses, indicating financial stability

Frequently Asked Questions about Nysarc Inc

Is Nysarc Inc a good charity?

Based on its consistent financial health, operational surpluses, and significant asset growth, Nysarc Inc appears to be a financially stable organization. The lack of reported officer compensation is a unique aspect that could be viewed positively for resource allocation, assuming executive functions are adequately covered.

How has Nysarc Inc's financial health changed over time?

Nysarc Inc has shown strong financial growth and stability. Revenue has increased from $20,803,222 in 2014 to $32,881,114 in 2023, and assets have more than tripled from $6,996,748 to $21,030,065 in the same period, indicating robust financial management.

What is the trend in Nysarc Inc's expenses relative to its revenue?

For most years, Nysarc Inc's revenue has exceeded its expenses, leading to operational surpluses. For example, in 2023, revenue was $32,881,114 and expenses were $31,694,664, demonstrating a consistent ability to manage costs within its income.

Why is officer compensation reported as 0%?

The consistent reporting of 0% officer compensation across all available filings is unusual for an organization of Nysarc Inc's scale. This could imply a volunteer executive board, or that executive salaries are reported under other expense categories, which would require more detailed financial statements to clarify.

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 76.8%, moving from $18.6M to $32.9M. Total assets increased by 154.5% over the same period, from $8.3M to $21.0M. Total functional expenses rose by 76.6%, from $17.9M to $31.7M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $5.5M in liabilities against $21.0M in assets (debt-to-asset ratio: 26.2%), resulting in net assets of $15.5M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$32.9M	$31.7M	$21.0M	$5.5M	—	View 990
2022	$33.5M	$32.6M	$18.5M	$4.4M	—	View 990
2021	$27.0M	$26.1M	$18.6M	$4.8M	—	View 990
2020	$29.3M	$27.3M	$18.1M	$5.3M	—	View 990
2019	$29.9M	$29.1M	$15.3M	$4.8M	—	View 990
2018	$30.3M	$29.1M	$14.1M	$4.4M	—	View 990
2017	$27.2M	$26.7M	$13.3M	$4.1M	—	View 990
2016	$22.1M	$21.8M	$6.5M	$2.1M	—	View 990
2015	$21.7M	$21.6M	$6.7M	$2.6M	—	View 990
2014	$20.8M	$23.8M	$7.0M	$2.9M	—	View 990
2013	$20.2M	$19.3M	$10.8M	$3.7M	—	View 990
2012	$20.2M	$19.1M	$8.8M	$2.7M	—	View 990
2011	$18.6M	$17.9M	$8.3M	$3.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $32.9M, expenses of $31.7M, and assets of $21.0M (revenue -1.8% year-over-year).
2022: Revenue of $33.5M, expenses of $32.6M, and assets of $18.5M (revenue +23.9% year-over-year).
2021: Revenue of $27.0M, expenses of $26.1M, and assets of $18.6M (revenue -7.8% year-over-year).
2020: Revenue of $29.3M, expenses of $27.3M, and assets of $18.1M (revenue -2.0% year-over-year).
2019: Revenue of $29.9M, expenses of $29.1M, and assets of $15.3M (revenue -1.2% year-over-year).
2018: Revenue of $30.3M, expenses of $29.1M, and assets of $14.1M (revenue +11.2% year-over-year).
2017: Revenue of $27.2M, expenses of $26.7M, and assets of $13.3M (revenue +23.1% year-over-year).
2016: Revenue of $22.1M, expenses of $21.8M, and assets of $6.5M (revenue +2.2% year-over-year).
2015: Revenue of $21.7M, expenses of $21.6M, and assets of $6.7M (revenue +4.1% year-over-year).
2014: Revenue of $20.8M, expenses of $23.8M, and assets of $7.0M (revenue +3.1% year-over-year).
2013: Revenue of $20.2M, expenses of $19.3M, and assets of $10.8M (revenue -0.3% year-over-year).
2012: Revenue of $20.2M, expenses of $19.1M, and assets of $8.8M (revenue +8.8% year-over-year).
2011: Revenue of $18.6M, expenses of $17.9M, and assets of $8.3M.

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.