Joe & Elwena Scarpaci Foundation

Analysis

Joe & Elwena Scarpaci Foundation is a registered charity in United States, based in Vandalia, IL. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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 March 2024, Joe & Elwena Scarpaci Foundation reported income of $141k and spending of $79k, leaving 44% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income fell from $223k to $141k (-37%), an average of -11% a year. The sharpest change came in the year to March 2021, when income rose by 96%. Over the whole period it spent 39% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Joe & Elwena Scarpaci Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include The Center for Spiritual Exchange Inc ($141k), PTA New Jersey Congress of Parents & Teachers ($141k) and Special Days Camps ($141k).

Compensation of current officers, directors and key employees was $21k (26% of expenses). At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.