Nysarc Inc
Nysarc Inc shows consistent revenue growth and asset accumulation with no reported officer compensation.
EIN: 160953477 · Oneonta, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $23.4M |
| Total Expenses | $17.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $19 |
| Net Assets | $7.2M |
| Transparency Score | 85/100 |
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 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nysarc Inc
Nysarc Inc (EIN: 160953477) is a nonprofit organization based in Oneonta, NY. The organization reported total revenue of $23.4M and total assets of $10.8M 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 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $19.1M |
| Total Expenses | $17.8M |
| Surplus / Deficit | +$1.3M |
| Total Assets | $10.3M |
| Total Liabilities | $3.1M |
| Net Assets | $7.2M |
| Operating Margin | 7.0% |
| Debt-to-Asset Ratio | 29.9% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, Nysarc Inc reported a surplus of $1.3M with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 29.9% (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 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.2% | -5.8% | +19.9% |
| 2022 | +23.1% | +20.8% | +11.6% |
| 2021 | +0.4% | +2.4% | +3.9% |
| 2020 | -4.1% | -2.7% | +13.3% |
| 2019 | +3.8% | +1.3% | +15.5% |
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 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Nysarc Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $1.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 29.9%.
Executive Compensation Analysis
Nysarc Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with revenues exceeding $19 million. This suggests either a fully volunteer executive leadership or that compensation is reported under different categories, which could impact the full picture of administrative costs.
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 highly unusual for an organization of this size and warrants further investigation into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Consistent revenue growth, increasing from $14,958,325 in 2014 to $19,112,639 in 2023.
- Healthy asset growth, with assets nearly tripling from $3,782,152 in 2014 to $10,266,210 in 2023.
- Consistent operating surpluses, indicating sound financial management and sustainability.
- Manageable liabilities relative to assets, suggesting good financial control (e.g., $3,073,745 liabilities vs. $10,266,210 assets in 2023).
Frequently Asked Questions about Nysarc Inc
Is Nysarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nysarc Inc (EIN: 160953477) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Nysarc Inc spend its money?
Nysarc Inc directs 90% 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: 160953477). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nysarc Inc CEO make?
Nysarc Inc's highest-compensated officer earns $19 annually. The organization reported $23.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nysarc Inc's spending goes to programs?
Nysarc Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nysarc Inc located?
Nysarc Inc is headquartered in Oneonta, New York and files with the IRS under EIN 160953477.
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 $23.4M in total revenue.
Is Nysarc Inc a good charity?
Based on the available financial data, Nysarc Inc appears to be a financially healthy and efficient organization. It consistently generates surpluses, grows its assets, and reports no officer compensation, which are positive indicators. However, the lack of reported officer compensation warrants further inquiry for a complete understanding of executive remuneration.
How has Nysarc Inc's financial health changed over the last decade?
Nysarc Inc's financial health has significantly improved over the last decade. Revenue has grown from $14,958,325 in 2014 to $19,112,639 in 2023, and assets have nearly tripled from $3,782,152 to $10,266,210 in the same period, indicating strong growth and stability.
What is Nysarc Inc's spending efficiency?
Nysarc Inc demonstrates strong spending efficiency, with expenses consistently close to revenue, indicating that funds are actively used for operations. For example, in 2023, expenses were $17,766,906 against revenues of $19,112,639, resulting in a healthy operating margin.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this scale. It could mean that executive leadership is entirely volunteer, or that compensation is categorized differently within the IRS 990, such as under general salaries and wages, which would require reviewing the full 990 form for clarification.
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 26.3%, moving from $15.1M to $19.1M. Total assets increased by 135.1% over the same period, from $4.4M to $10.3M. Total functional expenses rose by 16.8%, from $15.2M to $17.8M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $1.3M, with revenue exceeding expenses. The organization holds $3.1M in liabilities against $10.3M in assets (debt-to-asset ratio: 29.9%), resulting in net assets of $7.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $19.1M | $17.8M | $10.3M | $3.1M | — | — |
| 2022 | $19.6M | $18.9M | $8.6M | $2.7M | — | View 990 |
| 2021 | $15.9M | $15.6M | $7.7M | $2.5M | — | View 990 |
| 2020 | $15.8M | $15.3M | $7.4M | $2.5M | — | View 990 |
| 2019 | $16.5M | $15.7M | $6.5M | $2.2M | — | View 990 |
| 2018 | $15.9M | $15.5M | $5.6M | $2.1M | — | View 990 |
| 2017 | $15.7M | $15.2M | $5.0M | $1.8M | — | View 990 |
| 2016 | $14.9M | $14.5M | $4.3M | $1.6M | — | View 990 |
| 2015 | $14.9M | $14.8M | $3.4M | $1.2M | — | View 990 |
| 2014 | $15.0M | $14.5M | $3.8M | $1.6M | — | View 990 |
| 2013 | $14.6M | $14.8M | $3.5M | $1.8M | — | View 990 |
| 2012 | $14.8M | $14.9M | $4.2M | $2.3M | — | View 990 |
| 2011 | $15.1M | $15.2M | $4.4M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $19.1M, expenses of $17.8M, and assets of $10.3M (revenue -2.2% year-over-year).
- 2022: Revenue of $19.6M, expenses of $18.9M, and assets of $8.6M (revenue +23.1% year-over-year).
- 2021: Revenue of $15.9M, expenses of $15.6M, and assets of $7.7M (revenue +0.4% year-over-year).
- 2020: Revenue of $15.8M, expenses of $15.3M, and assets of $7.4M (revenue -4.1% year-over-year).
- 2019: Revenue of $16.5M, expenses of $15.7M, and assets of $6.5M (revenue +3.8% year-over-year).
- 2018: Revenue of $15.9M, expenses of $15.5M, and assets of $5.6M (revenue +0.9% year-over-year).
- 2017: Revenue of $15.7M, expenses of $15.2M, and assets of $5.0M (revenue +5.6% year-over-year).
- 2016: Revenue of $14.9M, expenses of $14.5M, and assets of $4.3M (revenue -0.3% year-over-year).
- 2015: Revenue of $14.9M, expenses of $14.8M, and assets of $3.4M (revenue -0.2% year-over-year).
- 2014: Revenue of $15.0M, expenses of $14.5M, and assets of $3.8M (revenue +2.7% year-over-year).
- 2013: Revenue of $14.6M, expenses of $14.8M, and assets of $3.5M (revenue -1.3% year-over-year).
- 2012: Revenue of $14.8M, expenses of $14.9M, and assets of $4.2M (revenue -2.5% year-over-year).
- 2011: Revenue of $15.1M, expenses of $15.2M, and assets of $4.4M.
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.