First Steps Kent

Analysis

First Steps Kent is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, First Steps Kent reported income of $10.5m and spending of $10.9m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.6m to $10.5m (+576%), an average of +61% a year. The sharpest change came in the year to September 2020, when income rose by 130%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First Steps Kent sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include Oregon for Quality Virtual Education Inc ($10.5m), St Timothys School Inc ($10.5m) and World Compass Academy ($10.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.8% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $142k (1.3% of expenses). Other salaries and wages came to $612k. At year end it held assets of $3.4m against liabilities of $2.2m, net assets of $1.3m. It reported 13 employees.