Stepping Stones

Analysis

Stepping Stones is a registered charity in United States, based in Nashua, NH. It received its IRS tax-exemption ruling in July 2021, 5 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 December 2023, Stepping Stones reported income of $495k and spending of $568k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $404k to $495k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stepping Stones sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within NH. Charities of a similar size with the same main cause include Adoption Advocates Inc ($495k), Empower Tennessee ($495k) and Community Care Thrift Store Inc ($495k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $84k (15% of expenses). Other salaries and wages came to $197k. At year end it held assets of $166k against liabilities of $11k, net assets of $154k. It reported 16 employees.