Take the Next Step

Analysis

Take the Next Step is a registered charity in United States, based in Monroe, WA. It received its IRS tax-exemption ruling in October 2005, 21 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 December 2023, Take the Next Step reported income of $1.1m and spending of $981k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $550k to $1.1m (+95%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 69%. 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, Take the Next Step sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within WA. Charities of a similar size with the same main cause include Jewish Child and Family Services Endowment Foundation ($1.1m), Great Wall China Adoption Inc ($1.1m) and Young Mens Christian Association of Helena Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $120k (12% of expenses). Other salaries and wages came to $252k. At year end it held assets of $468k against liabilities of $32k, net assets of $436k. It reported 17 employees.