A Step Ahead Foundation Chattanooga Inc

Analysis

A Step Ahead Foundation Chattanooga Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover health care, 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, A Step Ahead Foundation Chattanooga Inc reported income of $1.4m and spending of $1.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $565k to $1.4m (+148%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 154%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, A Step Ahead Foundation Chattanooga Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within TN. Charities of a similar size with the same main cause include Michigan Dyslexia Institute Inc ($1.4m), Kidney Foundation of Ohio Inc ($1.4m) and Victoria Project Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (7.3% of expenses). Other salaries and wages came to $459k. At year end it held assets of $988k against liabilities of $105k, net assets of $883k. It reported 10 employees.