Mid-Step Services Inc

Analysis

Mid-Step Services Inc is a registered charity in United States, based in Sioux City, IA. It received its IRS tax-exemption ruling in April 1980, 46 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 June 2023, Mid-Step Services Inc reported income of $28.4m and spending of $26.9m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $20.9m to $28.4m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mid-Step Services Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IA. Charities of a similar size with the same main cause include Shangri-La Corporation ($28.4m), Senior Living Choices of Virginia Inc ($28.5m) and Holy Family Institute ($28.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.5% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $452k (1.7% of expenses). Other salaries and wages came to $17.0m. At year end it held assets of $23.7m against liabilities of $6.7m, net assets of $17.0m. It reported 702 employees.