Stepping Stones Charter Elementary Inc

Analysis

Stepping Stones Charter Elementary Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 2004, 22 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 August 2023, Stepping Stones Charter Elementary Inc reported income of $9.0m and spending of $8.9m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.9m to $9.0m (+51%), an average of +11% a year. The sharpest change came in the year to August 2021, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Stepping Stones Charter Elementary Inc 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 96th percentile within TX. Charities of a similar size with the same main cause include Manhattan Country School Inc ($9.0m), International Institute of Islamic Thought ($9.0m) and Phoenix Counseling Center ($9.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $187k (2.1% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $7.5m against liabilities of $5.8m, net assets of $1.8m. It reported 117 employees.