The Steps Inc

Analysis

The Steps Inc is a registered charity in United States, based in Fort Smith, AR. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 October 2023, The Steps Inc reported income of $231k and spending of $246k, spending 107% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $191k to $231k (+21%), an average of +4.8% a year. The sharpest change came in the year to October 2020, when income rose by 20%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Steps Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 58th percentile within AR. Charities of a similar size with the same main cause include Pathway Centre for Mentally and Physically Handicapped Children ($231k), Los Angeles Orphanage Guild ($231k) and Viroqua Community Care Services Inc ($231k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 66% and program service revenue 17% of the total. Other salaries and wages came to $141k. At year end it held assets of $122k against liabilities of $16k, net assets of $106k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.