Nysarc Inc

Nysarc Inc shows strong revenue growth and positive financial performance with no reported officer compensation.

EIN: 160818293 · Olean, NY · Updated: 2026-03-28

$50.0MRevenue

$35.0MAssets

85/100Mission Score (Excellent)

Is Nysarc Inc Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

1 FoundRed Flags

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: 160818293) is a nonprofit organization based in Olean, NY. The organization reported total revenue of $50.0M and total assets of $35.0M 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

Nysarc Inc demonstrates a generally stable financial position with consistent revenue growth over the past several years, particularly noting a significant increase from $17.4 million in 2014 to over $50 million in 2023. The organization has consistently reported positive net income in recent years, with 2023 showing revenues of $50,480,442 against expenses of $47,394,928, indicating a surplus. Asset growth has also been substantial, increasing from $8.3 million in 2014 to $31.9 million in 2023, suggesting prudent financial management and reinvestment. 

However, a notable aspect is the consistent reporting of 0% officer compensation across all available filings. While this might indicate that officers are not compensated directly through the organization's 990 reporting, it warrants further investigation to understand the full compensation structure for key personnel, as it could impact transparency. The organization's liabilities have also increased in proportion to its growth, but remain manageable relative to its assets, with a liability-to-asset ratio of approximately 25% in 2023 ($8,107,130 liabilities / $31,923,825 assets).

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 for Nysarc Inc across all available periods. This is unusual for an organization of its size, with over $50 million in annual revenue, and suggests that executive compensation may be structured in a way that is not captured in this specific line item on the 990, or that officers are uncompensated volunteers, which would be highly commendable.

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:

Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further inquiry into executive compensation practices.

Strengths

The following positive indicators were identified for Nysarc Inc:

Strong and consistent revenue growth, increasing from $17.4 million in 2014 to over $50 million in 2023.
Positive net income in recent years, with 2023 showing a surplus of over $3 million ($50,480,442 revenue - $47,394,928 expenses).
Significant asset growth, from $8.3 million in 2014 to $31.9 million in 2023, indicating financial health and capacity.
Healthy net asset position of approximately $23.8 million in 2023, providing strong financial reserves.

Frequently Asked Questions about Nysarc Inc

Is Nysarc Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 160818293) some concerns. Mission Score: 85/100. 1 red flag identified, 4 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: 160818293). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How are Nysarc Inc's officers compensated if 0% is reported on the 990?

The consistent reporting of 0% officer compensation across all filings for an organization with over $50 million in revenue is highly unusual. This could mean that officers are uncompensated volunteers, or their compensation is reported under different categories, or through related organizations not detailed in these specific filings. Further investigation into their full compensation structure would be beneficial for complete transparency.

What is the primary driver of Nysarc Inc's significant revenue growth since 2017?

Nysarc Inc experienced a substantial increase in revenue from $16.8 million in 2017 to over $50 million in 2023. While the specific programs or funding sources driving this growth are not detailed in the provided financial summary, such a rapid expansion typically indicates successful program development, increased grant funding, or expanded service contracts.

What is Nysarc Inc's current financial reserve capacity?

As of 2023, Nysarc Inc reported assets of $31,923,825 and liabilities of $8,107,130, resulting in net assets of approximately $23.8 million. This indicates a healthy reserve capacity, providing financial stability and the ability to sustain operations and invest in future programs.

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 181.7%, moving from $17.9M to $50.5M. Total assets increased by 307.4% over the same period, from $7.8M to $31.9M. Total functional expenses rose by 170.7%, from $17.5M to $47.4M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $3.1M, with revenue exceeding expenses. The organization holds $8.1M in liabilities against $31.9M in assets (debt-to-asset ratio: 25.4%), resulting in net assets of $23.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$50.5M	$47.4M	$31.9M	$8.1M	—	—
2022	$52.3M	$50.5M	$28.0M	$8.5M	—	View 990
2021	$40.5M	$36.5M	$28.4M	$10.4M	—	View 990
2020	$40.8M	$37.2M	$25.0M	$11.5M	—	View 990
2019	$42.9M	$42.8M	$17.9M	$8.2M	—	View 990
2018	$38.5M	$36.5M	$15.9M	$6.6M	—	View 990
2017	$16.9M	$17.1M	$8.7M	$1.2M	—	—
2016	$17.2M	$17.2M	$8.4M	$899K	—	View 990
2015	$17.3M	$17.1M	$8.6M	$1.2M	—	View 990
2014	$17.5M	$17.5M	$8.3M	$1.1M	—	View 990
2013	$17.2M	$16.6M	$8.6M	$1.4M	—	View 990
2012	$17.2M	$16.9M	$8.0M	$1.7M	—	View 990
2011	$17.9M	$17.5M	$7.8M	$1.8M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $50.5M, expenses of $47.4M, and assets of $31.9M (revenue -3.5% year-over-year).
2022: Revenue of $52.3M, expenses of $50.5M, and assets of $28.0M (revenue +29.3% year-over-year).
2021: Revenue of $40.5M, expenses of $36.5M, and assets of $28.4M (revenue -0.8% year-over-year).
2020: Revenue of $40.8M, expenses of $37.2M, and assets of $25.0M (revenue -4.9% year-over-year).
2019: Revenue of $42.9M, expenses of $42.8M, and assets of $17.9M (revenue +11.5% year-over-year).
2018: Revenue of $38.5M, expenses of $36.5M, and assets of $15.9M (revenue +127.9% year-over-year).
2017: Revenue of $16.9M, expenses of $17.1M, and assets of $8.7M (revenue -2.0% year-over-year).
2016: Revenue of $17.2M, expenses of $17.2M, and assets of $8.4M (revenue -0.5% year-over-year).
2015: Revenue of $17.3M, expenses of $17.1M, and assets of $8.6M (revenue -0.9% year-over-year).
2014: Revenue of $17.5M, expenses of $17.5M, and assets of $8.3M (revenue +1.5% year-over-year).
2013: Revenue of $17.2M, expenses of $16.6M, and assets of $8.6M (revenue +0.3% year-over-year).
2012: Revenue of $17.2M, expenses of $16.9M, and assets of $8.0M (revenue -4.2% year-over-year).
2011: Revenue of $17.9M, expenses of $17.5M, and assets of $7.8M.

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.