Scarc Foundation Inc

Analysis

Scarc Foundation Inc is a registered charity in United States, based in Augusta, NJ. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Scarc Foundation Inc reported income of $1.5m and spending of $981k, leaving 34% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $897k to $1.5m (+67%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 70%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Scarc Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Livewell Northwest Kansas Inc ($1.5m), Praed Foundation ($1.5m) and Family Advocacy Center Andeducation Services - Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $156k (16% of expenses). Other salaries and wages came to $77k. At year end it held assets of $3.5m against liabilities of $198k, net assets of $3.3m. It reported 2 employees.