Next Step Ministries Inc

Analysis

Next Step Ministries Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2013, 13 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, Next Step Ministries Inc reported income of $211k and spending of $135k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $144k to $211k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Next Step Ministries Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NM. Charities of a similar size with the same main cause include Indian Mobile Mission Inc ($211k), Act on Drugs Inc ($211k) and Fathers Building Futures ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $50k (37% of expenses). At year end it held assets of $229k against liabilities of $0, net assets of $229k.