Scarc Inc
Scarc Inc: Consistent Revenue, High Program Spending, and Strong Financial Health
EIN: 221775304 · Augusta, NJ · NTEE: P820 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $29.8M |
| Total Expenses | $21.7M |
| Program Spending | 88% |
| Net Assets | $15.1M |
| Transparency Score | 85/100 |
Is Scarc Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Scarc Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Scarc Inc
Scarc Inc (EIN: 221775304) is a nonprofit organization based in Augusta, NJ, classified under NTEE code P820. The organization reported total revenue of $29.8M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Scarc Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Scarc Inc is a large nonprofit that has been operating for 75 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 3.4%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $22.2M |
| Total Expenses | $21.7M |
| Surplus / Deficit | +$522K |
| Total Assets | $23.3M |
| Total Liabilities | $8.1M |
| Net Assets | $15.1M |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 35.0% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2024, Scarc Inc reported a surplus of $522K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 35.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Scarc Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +8.2% | +0.6% | +3.8% |
| 2023 | -11.0% | +7.7% | -7.5% |
| 2022 | +13.9% | +4.5% | -0.8% |
| 2021 | +8.7% | +12.2% | +4.3% |
| 2020 | +6.3% | +11.4% | +16.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1951 |
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 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Scarc Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $522K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.0%.
Executive Compensation Analysis
Executive compensation information is not available in the provided data; further investigation into their Form 990 filings would be necessary to assess this aspect.
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 Inc:
- Strong program efficiency with 88% of expenses going to programs in 2024 ($21,657,136 out of $24,610,382 total expenses).
- Consistent revenue growth, increasing from $15,738,877 in 2017 to $22,178,700 in 2024.
- Healthy asset base of $23,284,611 in 2024, significantly exceeding liabilities of $8,144,531.
- Positive net assets, indicating financial stability and capacity for future operations.
Frequently Asked Questions about Scarc Inc
Is Scarc Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Scarc Inc (EIN: 221775304) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Scarc Inc spend its money?
Scarc Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Scarc Inc tax-deductible?
Scarc Inc is registered as a tax-exempt nonprofit (EIN: 221775304). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Scarc Inc's spending goes to programs?
Scarc Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Scarc Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Scarc Inc is above average for NTEE category P820 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Scarc Inc located?
Scarc Inc is headquartered in Augusta, New Jersey and files with the IRS under EIN 221775304. It is classified under NTEE code P820.
How many years of IRS 990 filings does Scarc Inc have?
Scarc 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 $29.8M in total revenue.
What does Scarc Inc do?
Scarc Inc is a nonprofit organization in the Human Services sector, located in Augusta, New Jersey. It is classified under NTEE code P820.
How much revenue does Scarc Inc have?
Scarc Inc reported total revenue of $29,787,312. Based on 14 IRS 990 filings on record.
What are Scarc Inc's total assets?
Scarc Inc holds total assets of $23,093,657 as reported in IRS 990 filings.
Where is Scarc Inc located?
Scarc Inc is based in Augusta, New Jersey.
What is Scarc Inc's EIN?
Scarc Inc's Employer Identification Number (EIN) is 221775304. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Scarc Inc?
Scarc Inc is classified under NTEE code P820 (Human Services).
Is Scarc Inc a registered 501(c)(3)?
Yes, Scarc Inc is recognized as a tax-exempt organization by the IRS. EIN: 221775304.
Does Scarc Inc file IRS Form 990?
Yes, Scarc Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Scarc Inc's revenue in 2024?
In the 202406 filing period, Scarc Inc reported total revenue of $22,178,700, total expenses of $21,657,136, and net assets of $23,284,611.
Is Scarc Inc's revenue growing or declining?
Scarc Inc's revenue is growing. Revenue went from $20,502,969 (202306) to $22,178,700 (202406), a +8.2% change. Based on 14 filings on record.
What is Scarc Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Scarc Inc covers tax period 202406. It shows revenue of $22,178,700, expenses of $21,657,136, total assets of $23,284,611, and liabilities of $8,144,531.
How much does Scarc Inc spend on programs vs administration?
Based on IRS 990 analysis, Scarc Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Scarc Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Scarc Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Scarc Inc's strengths?
Positive indicators for Scarc Inc include: Strong program efficiency with 88% of expenses going to programs in 2024 ($21,657,136 out of $24,610,382 total expenses).. Consistent revenue growth, increasing from $15,738,877 in 2017 to $22,178,700 in 2024.. Healthy asset base of $23,284,611 in 2024, significantly exceeding liabilities of $8,144,531.. Positive net assets, indicating financial stability and capacity for future operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Scarc Inc compensate executives?
Executive compensation information is not available in the provided data; further investigation into their Form 990 filings would be necessary to assess this aspect. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has Scarc Inc. managed to maintain such a high program spending ratio consistently over the years?
Scarc Inc. has consistently allocated a significant portion of its expenses to program services, with the program spending ratio remaining high (e.g., 88% in 2024, 86% in 2023, 87% in 2022). This suggests effective cost control in administrative and fundraising areas, allowing more resources to directly support their mission.
What factors contribute to Scarc Inc.'s sustained revenue growth despite varying economic conditions?
Scarc Inc. has demonstrated consistent revenue growth, increasing from $15,738,877 in 2017 to $22,178,700 in 2024. This sustained growth, even through periods like 2020, indicates robust fundraising strategies, strong donor support, or reliable government funding streams that have allowed them to expand their financial capacity.
Filing History
IRS 990 filing history for Scarc Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Scarc Inc's revenue has grown by 54.2%, moving from $14.4M to $22.2M. Total assets increased by 109.5% over the same period, from $11.1M to $23.3M. Total functional expenses rose by 48.7%, from $14.6M to $21.7M. In its most recent filing year (2024), Scarc Inc reported a surplus of $522K, with revenue exceeding expenses. The organization holds $8.1M in liabilities against $23.3M in assets (debt-to-asset ratio: 35.0%), resulting in net assets of $15.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $22.2M | $21.7M | $23.3M | $8.1M | — | View 990 |
| 2023 | $20.5M | $21.5M | $22.4M | $8.1M | — | View 990 |
| 2022 | $23.0M | $20.0M | $24.3M | $9.0M | — | View 990 |
| 2021 | $20.2M | $19.1M | $24.4M | $11.4M | — | View 990 |
| 2020 | $18.6M | $17.1M | $23.4M | $11.8M | — | View 990 |
| 2019 | $17.5M | $15.3M | $20.2M | $10.1M | — | View 990 |
| 2018 | $16.3M | $15.4M | $14.7M | $6.8M | — | View 990 |
| 2017 | $15.7M | $16.0M | $13.5M | $6.5M | — | View 990 |
| 2016 | $16.4M | $15.6M | $13.2M | $6.0M | — | View 990 |
| 2015 | $15.5M | $15.6M | $12.6M | $6.2M | — | View 990 |
| 2014 | $16.1M | $15.2M | $12.7M | $6.1M | — | View 990 |
| 2013 | $15.4M | $14.7M | $11.5M | $5.8M | — | View 990 |
| 2012 | $14.3M | $14.5M | $11.0M | $5.9M | — | View 990 |
| 2011 | $14.4M | $14.6M | $11.1M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $22.2M, expenses of $21.7M, and assets of $23.3M (revenue +8.2% year-over-year).
- 2023: Revenue of $20.5M, expenses of $21.5M, and assets of $22.4M (revenue -11.0% year-over-year).
- 2022: Revenue of $23.0M, expenses of $20.0M, and assets of $24.3M (revenue +13.9% year-over-year).
- 2021: Revenue of $20.2M, expenses of $19.1M, and assets of $24.4M (revenue +8.7% year-over-year).
- 2020: Revenue of $18.6M, expenses of $17.1M, and assets of $23.4M (revenue +6.3% year-over-year).
- 2019: Revenue of $17.5M, expenses of $15.3M, and assets of $20.2M (revenue +7.8% year-over-year).
- 2018: Revenue of $16.3M, expenses of $15.4M, and assets of $14.7M (revenue +3.2% year-over-year).
- 2017: Revenue of $15.7M, expenses of $16.0M, and assets of $13.5M (revenue -3.8% year-over-year).
- 2016: Revenue of $16.4M, expenses of $15.6M, and assets of $13.2M (revenue +5.3% year-over-year).
- 2015: Revenue of $15.5M, expenses of $15.6M, and assets of $12.6M (revenue -3.2% year-over-year).
- 2014: Revenue of $16.1M, expenses of $15.2M, and assets of $12.7M (revenue +4.4% year-over-year).
- 2013: Revenue of $15.4M, expenses of $14.7M, and assets of $11.5M (revenue +7.7% year-over-year).
- 2012: Revenue of $14.3M, expenses of $14.5M, and assets of $11.0M (revenue -0.7% year-over-year).
- 2011: Revenue of $14.4M, expenses of $14.6M, and assets of $11.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Scarc Inc:
Data Sources and Methodology
This transparency report for Scarc 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.