Nysarc Inc
Nysarc Inc consistently operates with surpluses and no reported officer compensation, growing assets while reducing liabilities.
EIN: 160786219 · Canandaigua, NY · Updated: 2026-03-28
Is Nysarc Inc Legit?
Appears Legitimate
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: 160786219) is a nonprofit organization based in Canandaigua, NY. The organization reported total revenue of $25.3M and total assets of $23.0M 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.
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.
Executive Compensation Analysis
Nysarc Inc consistently reports 0% officer compensation across all available filings, indicating that its executive leadership either serves without compensation or that compensation falls below reporting thresholds, which is highly favorable for resource allocation to 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.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent financial surpluses (e.g., $780,731 surplus in 2023).
- No reported officer compensation across all filings.
- Growing asset base, from $14.5M in 2019 to $16.5M in 2023.
- Decreasing liabilities, improving balance sheet health.
- Stable revenue streams over multiple years.
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 160786219) appears legitimate. Mission Score: 90/100. 0 red flags 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: 160786219). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nysarc Inc financially stable?
Yes, Nysarc Inc appears financially stable. It has consistently reported revenues exceeding expenses in most recent years (e.g., $23,222,527 revenue vs. $22,441,796 expenses in 2023) and has shown growth in assets from $14,539,530 in 2019 to $16,538,031 in 2023, while reducing liabilities.
How does Nysarc Inc manage executive compensation?
Nysarc Inc reports 0% officer compensation across all available IRS 990 filings, suggesting a highly efficient and potentially volunteer-driven executive structure, which is a strong positive for resource allocation.
Has Nysarc Inc's asset base grown over time?
Yes, Nysarc Inc's assets have shown consistent growth, increasing from $14,539,530 in 2019 to $16,538,031 in 2023, indicating a healthy accumulation of resources.
Are Nysarc Inc's liabilities increasing or decreasing?
Nysarc Inc's liabilities have been decreasing, from $3,506,221 in 2019 to $2,385,232 in 2023, which strengthens the organization's financial position.
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 $22.9M to $23.2M. Total assets decreased by 1.5% over the same period, from $16.8M to $16.5M. Total functional expenses rose by 1.1%, from $22.2M to $22.4M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $781K, with revenue exceeding expenses. The organization holds $2.4M in liabilities against $16.5M in assets (debt-to-asset ratio: 14.4%), resulting in net assets of $14.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $23.2M | $22.4M | $16.5M | $2.4M | — | — |
| 2022 | $23.7M | $22.9M | $15.3M | $2.4M | — | — |
| 2021 | $18.5M | $18.6M | $15.3M | $2.5M | — | View 990 |
| 2020 | $20.5M | $19.1M | $15.8M | $3.1M | — | View 990 |
| 2019 | $22.0M | $21.2M | $14.5M | $3.5M | — | View 990 |
| 2018 | $22.5M | $22.1M | $14.6M | $4.7M | — | View 990 |
| 2017 | $22.5M | $22.9M | $14.5M | $5.6M | — | — |
| 2016 | $22.5M | $22.5M | $15.1M | $6.0M | — | View 990 |
| 2015 | $23.0M | $22.9M | $15.5M | $6.7M | — | View 990 |
| 2014 | $22.8M | $22.7M | $15.3M | $6.4M | — | View 990 |
| 2013 | $22.8M | $22.5M | $16.2M | $7.7M | — | View 990 |
| 2012 | $22.8M | $22.7M | $16.6M | $8.4M | — | View 990 |
| 2011 | $22.9M | $22.2M | $16.8M | $8.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23.2M, expenses of $22.4M, and assets of $16.5M (revenue -1.9% year-over-year).
- 2022: Revenue of $23.7M, expenses of $22.9M, and assets of $15.3M (revenue +28.1% year-over-year).
- 2021: Revenue of $18.5M, expenses of $18.6M, and assets of $15.3M (revenue -10.1% year-over-year).
- 2020: Revenue of $20.5M, expenses of $19.1M, and assets of $15.8M (revenue -6.9% year-over-year).
- 2019: Revenue of $22.0M, expenses of $21.2M, and assets of $14.5M (revenue -2.0% year-over-year).
- 2018: Revenue of $22.5M, expenses of $22.1M, and assets of $14.6M (revenue +-0.0% year-over-year).
- 2017: Revenue of $22.5M, expenses of $22.9M, and assets of $14.5M (revenue -0.1% year-over-year).
- 2016: Revenue of $22.5M, expenses of $22.5M, and assets of $15.1M (revenue -1.9% year-over-year).
- 2015: Revenue of $23.0M, expenses of $22.9M, and assets of $15.5M (revenue +0.7% year-over-year).
- 2014: Revenue of $22.8M, expenses of $22.7M, and assets of $15.3M (revenue -0.1% year-over-year).
- 2013: Revenue of $22.8M, expenses of $22.5M, and assets of $16.2M (revenue +0.2% year-over-year).
- 2012: Revenue of $22.8M, expenses of $22.7M, and assets of $16.6M (revenue -0.6% year-over-year).
- 2011: Revenue of $22.9M, expenses of $22.2M, and assets of $16.8M.
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.