Stepping Stone Ministry Inc

Analysis

Stepping Stone Ministry Inc is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Ministry Inc reported income of $233k and spending of $209k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $225k to $233k (+3.8%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 109% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Stepping Stone Ministry Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Friends of Chabad of the Dominican ($233k), Carry the Cross Ministries ($233k) and Gospel Light Ministries ($233k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Other salaries and wages came to $49k. At year end it held assets of $763k against liabilities of $34k, net assets of $728k. It reported 2 employees.