Scott Cheerful Resident Corp

Analysis

Scott Cheerful Resident Corp is a registered charity in United States, based in Port St Lucie, FL. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Scott Cheerful Resident Corp reported income of $621k and spending of $653k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $345k to $621k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Scott Cheerful Resident Corp sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within FL. Charities of a similar size with the same main cause include Twelve Days of Christmas Inc ($621k), Memorial 3gun Foundation ($621k) and Life Plan of Kentucky Inc ($621k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $249k. At year end it held assets of $351k against liabilities of $80k, net assets of $272k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.