Stepping Stones Inc

Analysis

Stepping Stones Inc is a registered charity in United States, based in Medford, WI. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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 Inc reported income of $666k and spending of $470k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $666k (+203%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 83%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Stepping Stones Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within WI. Charities of a similar size with the same main cause include Hagaman Volunteer Fire Department Inc ($666k), Crossroads Pregnancy Center Inc ($666k) and G-I-S Housing-Hillsborough Inc ($666k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $126k (27% of expenses). Other salaries and wages came to $162k. At year end it held assets of $808k against liabilities of $347k, net assets of $461k. It reported 7 employees.