Stairstep Foundation

Analysis

Stairstep Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 1992, 34 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, Stairstep Foundation reported income of $911k and spending of $879k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $396k to $911k (+130%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 132%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stairstep Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Cadets Childcare Inc ($911k), Soldiers for Faith ($911k) and Family Promise of Hunterdon County Inc ($911k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (13% of expenses). Other salaries and wages came to $73k. At year end it held assets of $729k against liabilities of $158k, net assets of $572k. It reported 2 employees.