Steps to Recovery Homes

Analysis

Steps to Recovery Homes is a registered charity in United States, based in Cottonwood, AZ. It received its IRS tax-exemption ruling in June 2018, 8 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 to Recovery Homes reported income of $1.1m and spending of $1.2m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $589k to $1.1m (+84%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Steps to Recovery Homes sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within AZ. Charities of a similar size with the same main cause include Servants at Work Inc ($1.1m), Beatitudes Campus Foundation ($1.1m) and Meadville Childrens Center ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $67k (5.5% of expenses). Other salaries and wages came to $374k. It paid $10 in professional fundraising fees. At year end it held assets of $3.9m against liabilities of $3.2m, net assets of $689k. It reported 21 employees.