Next Step Ministries Inc

Analysis

Next Step Ministries Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in October 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Next Step Ministries Inc reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $955k to $1.0m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Next Step Ministries Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within GA. Charities of a similar size with the same main cause include Bixby Community Outreach Center Inc ($1.0m), Brushy Mountains Group Homes Inc ($1.0m) and Hope Rising ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $56k (5.5% of expenses). Other salaries and wages came to $620k. At year end it held assets of $1.2m against liabilities of $196k, net assets of $972k. It reported 36 employees.