First Step

Analysis

First Step is a registered charity in United States, based in Belvidere, IL. It received its IRS tax-exemption ruling in November 1973, 53 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 reported income of $993k and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $939k to $993k (+5.7%), an average of +1.4% a year. The sharpest change came in the year to June 2021, when income rose by 37%. 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, First Step sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include Hope House of Miller County Inc ($993k), The Corbin Hill Food Project Inc ($993k) and Harbor of Hope Inc ($993k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $108k (11% of expenses). Other salaries and wages came to $596k. At year end it held assets of $17k against liabilities of $33k, net assets of -$16k. It reported 31 employees.