Stepping Stones Inc

Analysis

Stepping Stones Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1963, 63 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, Stepping Stones Inc reported income of $4.3m and spending of $4.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.1m to $4.3m (-29%), an average of -8.3% a year. The sharpest change came in the year to December 2022, when income dropped by 17%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stones Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Family F O C U S ($4.3m), Wayside Out-Reach Development Inc ($4.3m) and Walla Walla Community Hospice ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $174k (3.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $12.3m against liabilities of $561k, net assets of $11.7m. It reported 150 employees.