Nyst Benefit Fund Inc
Nyst Benefit Fund Inc maintains tight operational margins with declining assets and no reported officer compensation.
EIN: 141778187 · Albany, NY · NTEE: Y259 · Updated: 2026-03-28
Is Nyst Benefit Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nyst Benefit Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nyst Benefit Fund Inc
Nyst Benefit Fund Inc (EIN: 141778187) is a nonprofit organization based in Albany, NY, classified under NTEE code Y259. The organization reported total revenue of $5.2M and total assets of $956K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nyst Benefit Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nyst Benefit Fund Inc is a mid-size nonprofit that has been operating for 18 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.3M |
| Surplus / Deficit | +$9K |
| Total Assets | $1.1M |
| Total Liabilities | $861K |
| Net Assets | $258K |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 76.9% |
| Months of Reserves | 3.1 months |
Financial Health Grade: A
In 2022, Nyst Benefit Fund Inc reported a surplus of $9K with revenue exceeding expenses, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 76.9% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), Nyst Benefit Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -3.2% | +1.7% | +121.5% |
| 2021 | +1.2% | -4.2% | +46.6% |
| 2020 | -1.9% | -1.4% | +7.4% |
| 2019 | -0.6% | -2.0% | +26.2% |
| 2018 | -0.7% | +0.8% | -37.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Nyst Benefit Fund Inc with a Mission Score of 75 out of 100 (Good). 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, Nyst Benefit Fund 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9K, with revenue exceeding expenses.
- Debt-to-asset ratio: 76.9%.
Executive Compensation Analysis
Nyst Benefit Fund Inc consistently reports 0% officer compensation across all available filings, suggesting either that no officers receive compensation or that it is reported in a different section of the 990, which would require further investigation.
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 Nyst Benefit Fund Inc's IRS 990 filings:
- Significant decline in assets over recent years (from $6.8M in 2016 to $0.9M currently)
- Lack of detailed expense breakdown to fully assess spending efficiency
Strengths
The following positive indicators were identified for Nyst Benefit Fund Inc:
- Consistent ability to cover expenses with revenue, indicating operational stability
- Consistent reporting of 0% officer compensation, suggesting transparency in this area or a unique operational model
Frequently Asked Questions about Nyst Benefit Fund Inc
Is Nyst Benefit Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nyst Benefit Fund Inc (EIN: 141778187) some concerns. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
How does Nyst Benefit Fund Inc spend its money?
Nyst Benefit Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nyst Benefit Fund Inc tax-deductible?
Nyst Benefit Fund Inc is registered as a tax-exempt nonprofit (EIN: 141778187). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why have the organization's assets significantly decreased from $6,870,618 in 2016 to $956,497 in the latest period?
The provided data shows a substantial decline in assets over several years, which could indicate significant expenditures, asset divestment, or changes in financial strategy. Further details from the organization's financial statements would be needed to understand the specific reasons.
Is the 0% officer compensation truly reflective of no executive pay, or is it reported elsewhere?
While the 990 filings consistently show 0% officer compensation, it's important to verify if executive compensation is being reported under other expense categories or if the organization truly operates without paid officers. This would require reviewing Schedule J or other relevant schedules of the 990.
What is the detailed breakdown of program, administrative, and fundraising expenses?
The provided data does not offer a detailed breakdown of expenses. To assess spending efficiency accurately, a deeper look into the organization's functional expenses (e.g., Schedule O or Statement of Functional Expenses) would be necessary.
Filing History
IRS 990 filing history for Nyst Benefit Fund Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Nyst Benefit Fund Inc's revenue has grown by 10.4%, moving from $3.9M to $4.3M. Total assets decreased by 56.4% over the same period, from $2.6M to $1.1M. Total functional expenses rose by 6.9%, from $4.0M to $4.3M. In its most recent filing year (2022), Nyst Benefit Fund Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $861K in liabilities against $1.1M in assets (debt-to-asset ratio: 76.9%), resulting in net assets of $258K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $4.3M | $4.3M | $1.1M | $861K | — | View 990 |
| 2021 | $4.5M | $4.2M | $505K | $256K | — | View 990 |
| 2020 | $4.4M | $4.4M | $345K | $321K | — | View 990 |
| 2019 | $4.5M | $4.5M | $321K | $288K | — | — |
| 2018 | $4.5M | $4.6M | $254K | $237K | — | View 990 |
| 2017 | $4.5M | $4.5M | $404K | $336K | — | View 990 |
| 2016 | $8.6M | $8.6M | $6.9M | $6.8M | — | View 990 |
| 2015 | $4.3M | $4.4M | $2.6M | $2.6M | — | View 990 |
| 2014 | $4.2M | $4.1M | $2.5M | $2.4M | — | View 990 |
| 2013 | $4.8M | $4.2M | $2.6M | $2.5M | — | View 990 |
| 2012 | $4.0M | $4.0M | $2.6M | $3.1M | — | View 990 |
| 2011 | $3.9M | $4.0M | $2.6M | $3.0M | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $4.3M, expenses of $4.3M, and assets of $1.1M (revenue -3.2% year-over-year).
- 2021: Revenue of $4.5M, expenses of $4.2M, and assets of $505K (revenue +1.2% year-over-year).
- 2020: Revenue of $4.4M, expenses of $4.4M, and assets of $345K (revenue -1.9% year-over-year).
- 2019: Revenue of $4.5M, expenses of $4.5M, and assets of $321K (revenue -0.6% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.6M, and assets of $254K (revenue -0.7% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.5M, and assets of $404K (revenue -47.2% year-over-year).
- 2016: Revenue of $8.6M, expenses of $8.6M, and assets of $6.9M (revenue +98.9% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.4M, and assets of $2.6M (revenue +4.0% year-over-year).
- 2014: Revenue of $4.2M, expenses of $4.1M, and assets of $2.5M (revenue -12.8% year-over-year).
- 2013: Revenue of $4.8M, expenses of $4.2M, and assets of $2.6M (revenue +20.7% year-over-year).
- 2012: Revenue of $4.0M, expenses of $4.0M, and assets of $2.6M (revenue +1.2% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.0M, and assets of $2.6M.
Data Sources and Methodology
This transparency report for Nyst Benefit Fund 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.