Sco Family of Services

Analysis

Sco Family of Services is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sco Family of Services reported income of $257.2m and spending of $258.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $258.1m to $257.2m (-0.3%), an average of -0.1% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sco Family of Services sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Hospital for Sick Children Foundation ($247.3m), Far Northern Coordinating Council on Developmental Disabilities ($258.6m) and BCFS Health and Human Services ($246.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $1.8m (0.7% of expenses). Other salaries and wages came to $119.2m. It paid $96k in professional fundraising fees. At year end it held assets of $167.9m against liabilities of $178.5m, net assets of -$10.6m. It reported 3,422 employees.