Steps of Strategy

Analysis

Steps of Strategy is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2014, 12 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, Steps of Strategy reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $718k to $3.3m (+361%), an average of +47% a year. The sharpest change came in the year to December 2020, when income rose by 120%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Steps of Strategy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MN. Charities of a similar size with the same main cause include Domestic Violence Resource Center Inc ($3.3m), Giving Plate ($3.3m) and Disability Belongs ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $268k (8.3% of expenses). Other salaries and wages came to $646k. At year end it held assets of $619k against liabilities of $800k, net assets of -$181k. It reported 50 employees.