Next Step Inc

Analysis

Next Step Inc is a registered charity in United States, based in Glasgow, KY. It received its IRS tax-exemption ruling in June 2015, 11 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 December 2023, Next Step Inc reported income of $188k and spending of $158k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $160k to $188k (+17%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Next Step Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Just Because Inc ($188k), Washington Rheumatology Alliance ($188k) and Friendly Inn Association of Baltimore City ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. At year end it held assets of $119k against liabilities of $1,799, net assets of $117k.