Nysarc Inc
Nysarc Inc shows strong revenue and asset growth with no reported officer compensation.
EIN: 161120089 · Watkins Glen, NY · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $47.4M |
| Total Expenses | $30.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $30 |
| Net Assets | $21.1M |
| 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 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nysarc Inc
Nysarc Inc (EIN: 161120089) is a nonprofit organization based in Watkins Glen, NY. The organization reported total revenue of $47.4M and total assets of $34.2M 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 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $31.0M |
| Total Expenses | $30.7M |
| Surplus / Deficit | +$265K |
| Total Assets | $25.2M |
| Total Liabilities | $4.1M |
| Net Assets | $21.1M |
| Operating Margin | 0.9% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 9.8 months |
Financial Health Grade: A
In 2023, Nysarc Inc reported a surplus of $265K with revenue exceeding expenses, holds 9.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Nysarc Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.3% | -8.3% | +4.7% |
| 2022 | +18.3% | +19.9% | -2.2% |
| 2021 | +36.4% | +35.6% | +2.2% |
| 2020 | +115.2% | +136.0% | +144.0% |
| 2019 | +13.5% | +2.5% | +14.6% |
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: 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $265K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
Nysarc Inc consistently reports 0% officer compensation across all provided filings, which is highly unusual for an organization of its size with revenues exceeding $30 million. This suggests either a volunteer-led executive team or that executive compensation is categorized differently within their financial reporting, 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:
- Consistent 0% officer compensation for a large organization, which may obscure executive remuneration if it's categorized elsewhere.
Strengths
The following positive indicators were identified for Nysarc Inc:
- Significant and consistent revenue growth from $9.9M in 2019 to $31M in 2023, indicating expanding operations and impact.
- Strong asset growth from $9.8M in 2019 to $25.2M in 2023, providing financial stability and capacity.
- Consistent positive net income (revenue exceeding expenses) across multiple years, demonstrating sound financial management.
- Healthy asset-to-liability ratio, with assets significantly exceeding liabilities ($25.2M assets vs. $4.0M liabilities 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: 161120089) 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: 161120089). 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 $30 annually. The organization reported $47.4M 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 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nysarc Inc located?
Nysarc Inc is headquartered in Watkins Glen, New York and files with the IRS under EIN 161120089.
How many years of IRS 990 filings does Nysarc Inc have?
Nysarc Inc has 14 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 $47.4M in total revenue.
How does Nysarc Inc manage to operate with 0% reported officer compensation given its size?
The consistent reporting of 0% officer compensation across all filings, even with revenues exceeding $30 million, suggests that executive leadership may be entirely volunteer-based, compensated through a related entity, or that their compensation is categorized under other expense lines not specifically identified as 'officer compensation' on the 990. Further detail from the organization's full 990 filing would be needed to clarify this.
What is the primary driver of Nysarc Inc's significant revenue growth from 2019 to 2023?
Nysarc Inc experienced substantial revenue growth from $9,953,708 in 2019 to $31,002,375 in 2023. While the specific drivers are not detailed in the provided data, such growth often indicates successful program expansion, increased grant funding, or significant fundraising efforts. A deeper dive into their full 990 would reveal the sources of this increased income.
What is Nysarc Inc's net asset position and how has it changed over time?
Nysarc Inc's net assets have shown strong growth, increasing from $8,141,410 ($9,870,694 assets - $1,729,284 liabilities) in 2019 to $21,129,588 ($25,211,747 assets - $4,082,159 liabilities) in 2023. This consistent increase indicates financial health and the accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Nysarc Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Nysarc Inc's revenue has grown by 250.6%, moving from $8.8M to $31.0M. Total assets increased by 224.8% over the same period, from $7.8M to $25.2M. Total functional expenses rose by 273.7%, from $8.2M to $30.7M. In its most recent filing year (2023), Nysarc Inc reported a surplus of $265K, with revenue exceeding expenses. The organization holds $4.1M in liabilities against $25.2M in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $21.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $31.0M | $30.7M | $25.2M | $4.1M | — | — |
| 2022 | $34.6M | $33.5M | $24.1M | $3.7M | — | View 990 |
| 2021 | $29.2M | $27.9M | $24.6M | $4.6M | — | View 990 |
| 2020 | $21.4M | $20.6M | $24.1M | $5.3M | — | View 990 |
| 2019 | $10.0M | $8.7M | $9.9M | $1.7M | — | View 990 |
| 2018 | $8.8M | $8.5M | $8.6M | $1.9M | — | View 990 |
| 2017 | $8.6M | $8.3M | $8.7M | $2.1M | — | View 990 |
| 2016 | $8.6M | $8.1M | $8.5M | $2.5M | — | View 990 |
| 2015 | $8.8M | $8.5M | $9.1M | $3.7M | — | View 990 |
| 2014 | $8.6M | $8.5M | $10.1M | $4.5M | — | View 990 |
| 2013 | $8.6M | $8.3M | $9.9M | $4.5M | — | View 990 |
| 2012 | $8.9M | $8.1M | $9.0M | $4.1M | — | View 990 |
| 2011 | $8.4M | $8.4M | $8.4M | $4.3M | — | View 990 |
| 2010 | $8.8M | $8.2M | $7.8M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $31.0M, expenses of $30.7M, and assets of $25.2M (revenue -10.3% year-over-year).
- 2022: Revenue of $34.6M, expenses of $33.5M, and assets of $24.1M (revenue +18.3% year-over-year).
- 2021: Revenue of $29.2M, expenses of $27.9M, and assets of $24.6M (revenue +36.4% year-over-year).
- 2020: Revenue of $21.4M, expenses of $20.6M, and assets of $24.1M (revenue +115.2% year-over-year).
- 2019: Revenue of $10.0M, expenses of $8.7M, and assets of $9.9M (revenue +13.5% year-over-year).
- 2018: Revenue of $8.8M, expenses of $8.5M, and assets of $8.6M (revenue +1.5% year-over-year).
- 2017: Revenue of $8.6M, expenses of $8.3M, and assets of $8.7M (revenue +0.3% year-over-year).
- 2016: Revenue of $8.6M, expenses of $8.1M, and assets of $8.5M (revenue -1.7% year-over-year).
- 2015: Revenue of $8.8M, expenses of $8.5M, and assets of $9.1M (revenue +2.2% year-over-year).
- 2014: Revenue of $8.6M, expenses of $8.5M, and assets of $10.1M (revenue -0.4% year-over-year).
- 2013: Revenue of $8.6M, expenses of $8.3M, and assets of $9.9M (revenue -3.1% year-over-year).
- 2012: Revenue of $8.9M, expenses of $8.1M, and assets of $9.0M (revenue +5.3% year-over-year).
- 2011: Revenue of $8.4M, expenses of $8.4M, and assets of $8.4M (revenue -4.6% year-over-year).
- 2010: Revenue of $8.8M, expenses of $8.2M, and assets of $7.8M.
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.