Steepletown Neighborhood Services Inc

Analysis

Steepletown Neighborhood Services Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Steepletown Neighborhood Services Inc reported income of $1.6m and spending of $1.7m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.7m to $1.6m (-5.0%), an average of -1.3% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Steepletown Neighborhood Services Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include We Are Alx Inc ($1.6m), Career School of Ny Inc ($1.6m) and Bold Education Fund Inc ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $59k (3.4% of expenses). Other salaries and wages came to $736k. At year end it held assets of $534k against liabilities of $183k, net assets of $351k. It reported 80 employees.