Step It Up Inc

Analysis

Step It Up Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Step It Up Inc reported income of $107k and spending of $123k, spending 115% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $420k to $107k (-75%), an average of -50% a year. The sharpest change came in the year to December 2022, when income dropped by 79%. 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 It Up Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 36th percentile within MO. Charities of a similar size with the same main cause include Soundstrong ($107k), The Records People for People Fund Inc ($107k) and Care and Share Food Closet ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.