Scarc Inc

Analysis

Scarc Inc is a registered charity in United States, based in Augusta, NJ. It received its IRS tax-exemption ruling in December 1951, 75 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Scarc Inc reported income of $22.2m and spending of $21.7m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $17.5m to $22.2m (+27%), an average of +4.8% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Scarc Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Community Connections Inc ($22.2m), Stanford Youth Solutions ($22.2m) and Agency for Community Empowerment of Nepa ($22.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $770k (3.6% of expenses). Other salaries and wages came to $12.4m. At year end it held assets of $23.3m against liabilities of $8.1m, net assets of $15.1m. It reported 321 employees.