SCSC Inc

Analysis

SCSC Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, SCSC Inc reported income of $1.8m and spending of $2.1m, spending 116% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $2.1m to $1.8m (-13%), an average of -3.5% a year. The sharpest change came in the year to August 2020, when income dropped by 20%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, SCSC Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include New Heights Middle East Inc ($1.8m), Carpinteria Childrens Project ($1.8m) and Cambridge Academy ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $115k (5.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $104k against liabilities of $350k, net assets of -$246k. It reported 71 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.