Scott Key Center Inc

Analysis

Scott Key Center Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Scott Key Center Inc reported income of $3.2m and spending of $3.1m, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $664k to $3.2m (+380%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 3116%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Scott Key Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Wood Lane Industries ($3.2m), Star Inc ($3.2m) and Northern Plains Resource Council ($3.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Other salaries and wages came to $284k. At year end it held assets of $1.0m against liabilities of $349k, net assets of $668k. It reported 33 employees.