Step of Faith Outreach Inc

Analysis

Step of Faith Outreach Inc is a registered charity in United States, based in Lavonia, GA. It received its IRS tax-exemption ruling in March 2006, 20 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, Step of Faith Outreach Inc reported income of $162k and spending of $208k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $160k to $162k (+1.6%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Step of Faith Outreach Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within GA. Charities of a similar size with the same main cause include Philomathean Charity Club Inc ($162k), Duck River Apartments Inc ($162k) and Weld Family Cares ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (11% of expenses). Other salaries and wages came to $41k. At year end it held assets of $20k against liabilities of $0, net assets of $20k. It reported 2 employees.