One Step Forward Inc

Analysis

One Step Forward Inc is a registered charity in United States, based in East Liverpool, OH. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, One Step Forward Inc reported income of $120k and spending of $143k, spending 120% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $241k to $120k (-50%), an average of -16% a year. The sharpest change came in the year to October 2020, when income dropped by 47%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, One Step Forward Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within OH. Charities of a similar size with the same main cause include PSCH 78th St Ozpk Housing Development Fund Corp ($120k), Pathway Resource Center ($120k) and American Agricultural Editors Association Improvement Foundation ($120k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $832k against liabilities of $15k, net assets of $817k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.