Beaverbrook Step Inc

Analysis

Beaverbrook Step Inc is a registered charity in United States, based in Watertown, MA. It received its IRS tax-exemption ruling in February 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beaverbrook Step Inc reported income of $24.6m and spending of $23.4m, spending 95% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $18.7m to $24.6m (+32%), an average of +9.6% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beaverbrook Step Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Pony Bird Incorporated ($24.6m), Open Door Network ($24.7m) and Alternative Family Services Inc ($24.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $286k (1.2% of expenses). At year end it held assets of $19.9m against liabilities of $6.7m, net assets of $13.2m. It reported 446 employees.