A Step Ahead Foundation Inc

Analysis

A Step Ahead Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in August 2011, 15 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, A Step Ahead Foundation Inc reported income of $2.1m and spending of $1.9m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $2.1m (-7.9%), an average of -2.0% a year. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Step Ahead Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include National Association of Agricultural Educators Inc ($2.1m), Employ Ability Inc ($2.1m) and Evolve Coaching ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% of the total. Other salaries and wages came to $678k. At year end it held assets of $4.4m against liabilities of $596k, net assets of $3.8m. It reported 7 employees.