Footsteps Academy

Analysis

Footsteps Academy is a registered charity in United States, based in Bridgeport, PA. It received its IRS tax-exemption ruling in May 1996, 30 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Footsteps Academy reported income of $151k and spending of $152k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $161k to $151k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 115% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Footsteps Academy sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within PA. Charities of a similar size with the same main cause include Hopkins Band and Orchestra Boosters ($151k), Livermore Music ($151k) and Mohawk Valley Institute for Learning in Retirement ($151k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.3% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $23k (15% of expenses). Other salaries and wages came to $92k. At year end it held assets of $64k against liabilities of $0, net assets of $64k. It reported 14 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.