First Step Home Inc

Analysis

First Step Home Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in February 1992, 34 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 June 2023, First Step Home Inc reported income of $4.4m and spending of $4.9m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.5m to $4.4m (-1.5%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income dropped by 21%. 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, First Step Home Inc sits at the 90th percentile: it is larger than about 90% 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 Elite Family Systems ($4.4m), Wish of a Lifetime ($4.4m) and One22 Inc ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $358k (7.3% of expenses). Other salaries and wages came to $2.1m. It paid $91k in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $1.0m, net assets of $4.8m. It reported 61 employees.