Sco Foundation

Analysis

Sco Foundation is a registered charity in United States, based in Garden City, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Sco Foundation reported income of $5.0m and spending of $3.2m, leaving 36% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $5.0m (+60%), an average of +12% a year. The sharpest change came in the year to June 2020, when income rose by 105%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Sco Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Florida Independence Training & Education Center Inc ($5.0m), Eastern North Philadelphia Workforce Development Corporation ($5.0m) and Prospect Congregate Housing Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% of the total. At year end it held assets of $65.4m against liabilities of $778k, net assets of $64.6m.