Steps Program Inc

Analysis

Steps Program Inc is a registered charity in United States, based in Clarksburg, MD. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Steps Program Inc reported income of $3.0m and spending of $2.7m, spending 91% of its income. Across the 4 years on record, from June 2019 to June 2023, income grew from $2.4m to $3.0m (+24%), an average of +7.3% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Steps Program Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Association of Collegiate Schools of Architecture Inc ($3.0m), Blueprint North Carolina ($3.0m) and Thrive Ministries Inc ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $236k (8.7% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $2.1m against liabilities of $347k, net assets of $1.7m. It reported 314 employees.