Next Step Storm Inc

Analysis

Next Step Storm Inc is a registered charity in United States, based in Woodburn, IN. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Next Step Storm Inc reported income of $190k and spending of $185k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $190k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Next Step Storm Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 52nd percentile within IN. Charities of a similar size with the same main cause include Maple Valley Rotary Foundation ($190k), Sunshine Community Harvest Inc ($190k) and Tulsa Renaissance Development Corporation ($189k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $98k against liabilities of $8,691, net assets of $90k.