Stepping Stone Mission of Franklin County

Analysis

Stepping Stone Mission of Franklin County is a registered charity in United States, based in Rocky Mount, VA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Stepping Stone Mission of Franklin County reported income of $141k and spending of $89k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $98k to $141k (+43%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stone Mission of Franklin County sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Gaston Ministries Inc ($141k), Yatom the Jewish Foster & Adoption Network Inc ($141k) and Save22 ($141k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $311k against liabilities of $2,230, net assets of $309k.