Step Forward Communities Inc

Analysis

Step Forward Communities Inc is a registered charity in United States, based in San Clemente, CA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Step Forward Communities Inc reported income of $365k and spending of $227k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $264k to $365k (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 195%. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Step Forward Communities Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include United Church Residences of South Horn Lake Mississippi Inc ($365k), Resilient Place ($366k) and Homestart Inc ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $133k (59% of expenses). At year end it held assets of $2.5m against liabilities of $71k, net assets of $2.4m. It reported 1 employees.