Step Academy

Analysis

Step Academy is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in April 2013, 13 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, Step Academy reported income of $10.2m and spending of $12.8m, spending 126% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $10.2m (+66%), an average of +14% a year. The sharpest change came in the year to June 2020, when income rose by 39%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Step Academy sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Childrens Center for Communication Inc ($10.2m), Sarasota Suncoast Academy ($10.2m) and Arkansas State University System Foundation Inc ($10.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $268k (2.1% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $12.6m against liabilities of $15.0m, net assets of -$2.5m. It reported 174 employees.