Step by Step Inc

Analysis

Step by Step Inc is a registered charity in United States, based in Wilkes Barre, PA. It received its IRS tax-exemption ruling in September 1978, 48 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 June 2023, Step by Step Inc reported income of $92.9m and spending of $90.9m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $73.8m to $92.9m (+26%), an average of +5.9% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Step by Step Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within PA. Charities of a similar size with the same main cause include Philadelphia Corporation for Aging ($92.6m), Hopelink ($93.0m) and Birch Family Services Inc ($92.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $1.9m (2.1% of expenses). Other salaries and wages came to $55.0m. At year end it held assets of $45.5m against liabilities of $15.7m, net assets of $29.9m. It reported 1,550 employees.