Next Step Charitable Trust

Analysis

Next Step Charitable Trust is a registered charity in United States, based in Harwood, MD. It received its IRS tax-exemption ruling in February 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, Next Step Charitable Trust reported income of $133k and spending of $112k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $133k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Next Step Charitable Trust sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within MD. Charities of a similar size with the same main cause include Boulder Building Block Fund ($133k), Hall Memorial Housing Corporation ($133k) and Vast Track and Field and Cross Country Inc ($133k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 129% of the total. At year end it held assets of $27k against liabilities of $0, net assets of $27k.