Scarc Foundation Inc
Scarc Foundation: Consistent Revenue, High Program Spending
EIN: 222585052 · Augusta, NJ · NTEE: P120 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $981K |
| Program Spending | 85% |
| Net Assets | $3.3M |
| Transparency Score | 85/100 |
Is Scarc Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scarc Foundation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scarc Foundation Inc
Scarc Foundation Inc (EIN: 222585052) is a nonprofit organization based in Augusta, NJ, classified under NTEE code P120. The organization reported total revenue of $1.4M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scarc Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scarc Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 7.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $981K |
| Surplus / Deficit | +$516K |
| Total Assets | $3.5M |
| Total Liabilities | $198K |
| Net Assets | $3.3M |
| Operating Margin | 34.5% |
| Debt-to-Asset Ratio | 5.7% |
| Months of Reserves | 42.8 months |
Financial Health Grade: A
In 2024, Scarc Foundation Inc reported a surplus of $516K with revenue exceeding expenses, holds 42.8 months of operating reserves (strong position), has a debt-to-asset ratio of 5.7% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Scarc Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +70.2% | +34.9% | +6.5% |
| 2023 | -12.0% | -20.9% | +10.3% |
| 2022 | -0.8% | +8.9% | -9.4% |
| 2021 | +10.6% | -0.2% | +24.9% |
| 2020 | +1.5% | -3.7% | -2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Scarc Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Scarc Foundation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $516K, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included in the financial summary.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Scarc Foundation Inc:
- Consistent revenue generation over the past seven years, with 2024 revenue at $1,496,591.
- Strong asset growth, reaching $3,499,004 in 2024.
- Low liability-to-asset ratio, indicating financial stability (e.g., $198,148 liabilities vs. $3,499,004 assets in 2024).
Frequently Asked Questions about Scarc Foundation Inc
Is Scarc Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Scarc Foundation Inc (EIN: 222585052) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Scarc Foundation Inc spend its money?
Scarc Foundation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scarc Foundation Inc tax-deductible?
Scarc Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222585052). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Scarc Foundation Inc's spending goes to programs?
Scarc Foundation Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Scarc Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Scarc Foundation Inc is above average for NTEE category P120 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Scarc Foundation Inc located?
Scarc Foundation Inc is headquartered in Augusta, New Jersey and files with the IRS under EIN 222585052. It is classified under NTEE code P120.
How many years of IRS 990 filings does Scarc Foundation Inc have?
Scarc Foundation Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.4M in total revenue.
What does Scarc Foundation Inc do?
Scarc Foundation Inc is a nonprofit organization in the Human Services sector, located in Augusta, New Jersey. It is classified under NTEE code P120.
How much revenue does Scarc Foundation Inc have?
Scarc Foundation Inc reported total revenue of $1,375,374. Based on 14 IRS 990 filings on record.
What are Scarc Foundation Inc's total assets?
Scarc Foundation Inc holds total assets of $3,757,503 as reported in IRS 990 filings.
Where is Scarc Foundation Inc located?
Scarc Foundation Inc is based in Augusta, New Jersey.
What is Scarc Foundation Inc's EIN?
Scarc Foundation Inc's Employer Identification Number (EIN) is 222585052. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Scarc Foundation Inc?
Scarc Foundation Inc is classified under NTEE code P120 (Human Services).
Is Scarc Foundation Inc a registered 501(c)(3)?
Yes, Scarc Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222585052.
Does Scarc Foundation Inc file IRS Form 990?
Yes, Scarc Foundation Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Scarc Foundation Inc's revenue in 2024?
In the 202406 filing period, Scarc Foundation Inc reported total revenue of $1,496,591, total expenses of $980,702, and net assets of $3,499,004.
Is Scarc Foundation Inc's revenue growing or declining?
Scarc Foundation Inc's revenue is growing. Revenue went from $879,376 (202306) to $1,496,591 (202406), a +70.2% change. Based on 14 filings on record.
What is Scarc Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Scarc Foundation Inc covers tax period 202406. It shows revenue of $1,496,591, expenses of $980,702, total assets of $3,499,004, and liabilities of $198,148.
How much does Scarc Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Scarc Foundation Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Scarc Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Scarc Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Scarc Foundation Inc's strengths?
Positive indicators for Scarc Foundation Inc include: Consistent revenue generation over the past seven years, with 2024 revenue at $1,496,591.. Strong asset growth, reaching $3,499,004 in 2024.. Low liability-to-asset ratio, indicating financial stability (e.g., $198,148 liabilities vs. $3,499,004 assets in 2024).. These findings are derived from AI analysis of the organization's financial filings.
How does Scarc Foundation Inc compensate executives?
Executive compensation cannot be assessed from the provided data, as no specific compensation figures for executives are included in the financial summary. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Scarc Foundation Inc. maintain consistent revenue streams despite varying economic conditions over the past seven years?
The provided data shows revenue fluctuations but a generally stable trend, with 2024 revenue ($1,496,591) being higher than previous years. This consistency suggests a diversified funding base or effective fundraising strategies that mitigate external economic impacts.
What specific programs or initiatives contribute to the high percentage of program spending, and how is their impact measured?
While the data indicates a high program spending percentage (85%), the specific programs are not detailed. Further investigation into their annual reports or program descriptions would be necessary to understand the nature of these programs and their impact metrics.
Filing History
IRS 990 filing history for Scarc Foundation Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Scarc Foundation Inc's revenue has grown by 157.8%, moving from $581K to $1.5M. Total assets increased by 96.1% over the same period, from $1.8M to $3.5M. Total functional expenses rose by 47.5%, from $665K to $981K. In its most recent filing year (2024), Scarc Foundation Inc reported a surplus of $516K, with revenue exceeding expenses. The organization holds $198K in liabilities against $3.5M in assets (debt-to-asset ratio: 5.7%), resulting in net assets of $3.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.5M | $981K | $3.5M | $198K | — | View 990 |
| 2023 | $879K | $727K | $3.3M | $226K | — | View 990 |
| 2022 | $999K | $919K | $3.0M | $217K | — | View 990 |
| 2021 | $1.0M | $844K | $3.3M | $193K | — | View 990 |
| 2020 | $911K | $845K | $2.6M | $159K | — | View 990 |
| 2019 | $897K | $878K | $2.7M | $176K | — | View 990 |
| 2018 | $936K | $857K | $2.7M | $164K | — | View 990 |
| 2017 | $787K | $780K | $2.5M | $168K | — | View 990 |
| 2016 | $936K | $810K | $2.3M | $154K | — | View 990 |
| 2015 | $882K | $670K | $2.2M | $134K | — | View 990 |
| 2014 | $1.0M | $688K | $2.0M | $106K | — | View 990 |
| 2013 | $606K | $650K | $1.7M | $92K | — | View 990 |
| 2012 | $593K | $632K | $1.7M | $94K | — | View 990 |
| 2011 | $581K | $665K | $1.8M | $70K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.5M, expenses of $981K, and assets of $3.5M (revenue +70.2% year-over-year).
- 2023: Revenue of $879K, expenses of $727K, and assets of $3.3M (revenue -12.0% year-over-year).
- 2022: Revenue of $999K, expenses of $919K, and assets of $3.0M (revenue -0.8% year-over-year).
- 2021: Revenue of $1.0M, expenses of $844K, and assets of $3.3M (revenue +10.6% year-over-year).
- 2020: Revenue of $911K, expenses of $845K, and assets of $2.6M (revenue +1.5% year-over-year).
- 2019: Revenue of $897K, expenses of $878K, and assets of $2.7M (revenue -4.2% year-over-year).
- 2018: Revenue of $936K, expenses of $857K, and assets of $2.7M (revenue +18.9% year-over-year).
- 2017: Revenue of $787K, expenses of $780K, and assets of $2.5M (revenue -16.0% year-over-year).
- 2016: Revenue of $936K, expenses of $810K, and assets of $2.3M (revenue +6.2% year-over-year).
- 2015: Revenue of $882K, expenses of $670K, and assets of $2.2M (revenue -13.5% year-over-year).
- 2014: Revenue of $1.0M, expenses of $688K, and assets of $2.0M (revenue +68.2% year-over-year).
- 2013: Revenue of $606K, expenses of $650K, and assets of $1.7M (revenue +2.2% year-over-year).
- 2012: Revenue of $593K, expenses of $632K, and assets of $1.7M (revenue +2.1% year-over-year).
- 2011: Revenue of $581K, expenses of $665K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scarc Foundation Inc:
Data Sources and Methodology
This transparency report for Scarc Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.