Next Step Ministries Inc

Analysis

Next Step Ministries Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 2007, 19 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 September 2023, Next Step Ministries Inc reported income of $2.2m and spending of $2.4m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.1m to $2.2m (-29%), an average of -8.3% a year. The sharpest change came in the year to September 2022, when income rose by 100%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Next Step Ministries Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within WI. Charities of a similar size with the same main cause include Dance Revolution Inc ($2.2m), Gathering Place Inc ($2.2m) and Strategic Renewal International ($2.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $307k (13% of expenses). Other salaries and wages came to $407k. At year end it held assets of $225k against liabilities of $171k, net assets of $54k. It reported 80 employees.