Scarc Housing Inc

Analysis

Scarc Housing Inc is a registered charity in United States, based in Augusta, NJ. It received its IRS tax-exemption ruling in May 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2024, Scarc Housing Inc reported income of $140k and spending of $159k, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $112k to $140k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 64%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Scarc Housing Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Timber Hills Housing of Tippah County Inc ($140k), Family Connection ($140k) and Heritage Place of Indianapolis Inc ($140k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $1.0m against liabilities of $1.8m, net assets of -$714k.