Lifesteps Inc

Analysis

Lifesteps Inc is a registered charity in United States, based in Butler, PA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Lifesteps Inc reported income of $31.7m and spending of $30.7m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $32.4m to $31.7m (-2.2%), an average of -0.6% a year. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Lifesteps Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within PA. Charities of a similar size with the same main cause include Kipp Baltimore Inc ($31.7m), American Dental Education Association ($31.7m) and University of the Nations Kona Inc ($31.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $801k (2.6% of expenses). Other salaries and wages came to $19.1m. At year end it held assets of $28.2m against liabilities of $6.0m, net assets of $22.2m. It reported 624 employees.