Scoc Corporation

Analysis

Scoc Corporation is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 2023, Scoc Corporation reported income of $232k and spending of $234k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $170k to $232k (+36%), an average of +8.1% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Scoc Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Mid-Peninsula Colma Ridge Inc ($232k), Independence Park Senior Housing Inc ($232k) and St Elizabeth Manor Inc ($232k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $932k against liabilities of $958k, net assets of -$27k.

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.