O — Youth DevelopmentEIN: 364669638· Ruling Year: 2011

Scarlet Covering Inc

Baltimore, Maryland

A-Health Score
83A-

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Very Good

💰
$2.2M
Total Revenue
📊
$1.9M
Total Expenses
🏦
$1.3M
Net Assets
📋
$150K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+36.3%
Year-over-year change (2022 → 2023)
Net Margin
+13.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.66
Net assets divided by total expenses
Liabilities-to-Assets
10.7%
Total liabilities as % of total assets

Filing History

11 filings on record
YearRevenueExpensesAssets
2023$2,192,611↑36%$1,891,178↑26%$1,407,692↑22%
2022$1,608,801↑44%$1,495,004↑27%$1,154,019↑11%
2021$1,114,512↑3%$1,180,887↑30%$1,041,058↑116%
2020$1,081,019↓6%$905,375↓25%$482,792↑195%
2019$1,152,951↓3%$1,202,738↑7%$163,707↓21%
2018$1,190,974↑15%$1,121,466↑9%$207,979↑48%
2017$1,034,952↑13%$1,028,250↑12%$140,184
2016$918,146↑3%$914,860↓3%$0
2015$895,505$947,158↑7%$0↓100%
2014$894,940↑10%$884,188↑20%$129,387↑9%
2013$815,464$737,437$118,636

Frequently Asked Questions

What does Scarlet Covering Inc do?▼

Scarlet Covering Inc is a youth development nonprofit organization based in Maryland. It is classified under NTEE code O50 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Scarlet Covering Inc financially healthy?▼

Based on our 9-metric Financial Health Score model, Scarlet Covering Inc has a score of 83/100 (Grade: A-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Scarlet Covering Inc generate?▼

Scarlet Covering Inc reports $2.8M in annual revenue and holds $2.0M in total assets, based on IRS filings.

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