Steppingstone Inc

Analysis

Steppingstone Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in August 1972, 54 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2024, Steppingstone Inc reported income of $15.0m and spending of $14.1m, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $7.2m to $15.0m (+107%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 44%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Steppingstone Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Lincoln County Community Health Center Inc ($15.0m), Texas Research and Technology Foundation ($15.0m) and Community Volunteers in Medicine Inc ($15.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $8.9m. At year end it held assets of $6.5m against liabilities of $821k, net assets of $5.7m. It reported 264 employees.