Stepforward

Analysis

Stepforward is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in September 1966, 60 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 January 2024, Stepforward reported income of $53.3m and spending of $54.0m, spending 101% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $34.8m to $53.3m (+53%), an average of +11% a year. The sharpest change came in the year to January 2023, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepforward sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within OH. Charities of a similar size with the same main cause include Lutheran Homes Inc ($53.2m), Henry Street Settlement ($53.3m) and Brethren Village ($53.2m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $492k (0.9% of expenses). Other salaries and wages came to $17.9m. At year end it held assets of $22.8m against liabilities of $18.6m, net assets of $4.2m. It reported 409 employees.