Stepping Stone Shelter for Women Incorporated

Analysis

Stepping Stone Shelter for Women Incorporated is a registered charity in United States, based in Michigan City, IN. It received its IRS tax-exemption ruling in September 1991, 35 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 2024, Stepping Stone Shelter for Women Incorporated reported income of $1.6m and spending of $963k, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $486k to $1.6m (+219%), an average of +26% a year. The sharpest change came in the year to June 2024, when income rose by 121%. 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 Stone Shelter for Women Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within IN. Charities of a similar size with the same main cause include Sozo SSS International Inc ($1.6m), Mekong Inc ($1.6m) and Park Lawn Association Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $72k (7.5% of expenses). Other salaries and wages came to $463k. At year end it held assets of $1.7m against liabilities of $101k, net assets of $1.6m. It reported 36 employees.