Next Step Foundation Inc

Analysis

Next Step Foundation Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Next Step Foundation Inc reported income of $3.0m and spending of $2.7m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $727k to $3.0m (+309%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Next Step Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within IN. Charities of a similar size with the same main cause include Global Surgical Initiatives Inc ($3.0m), Institute for Healthcare Advancement ($3.0m) and Baptist Besthealth Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $71k (2.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.8m against liabilities of $1.8m, net assets of $979k. It reported 34 employees.