Footsteps Inc

Analysis

Footsteps Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Footsteps Inc reported income of $6.0m and spending of $4.9m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $6.0m (+143%), an average of +25% a year. The sharpest change came in the year to September 2023, when income rose by 137%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Footsteps Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Young Mens Christian Assoc of Anderson South Carolina Inc ($6.0m), Nashua Childrens Home ($6.0m) and Portland Metro Residential Services ($6.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $215k (4.4% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $4.6m against liabilities of $575k, net assets of $4.0m. It reported 29 employees.